Goldman Sachs New CEO David Solomon is Very Positive About Bitcoin

While Goldman Sachs’ soon to be ex-CEO has been fairly restrained in his statements about Bitcoin, his successor is more proactive and positive where cryptocurrencies are concerned.

In an official press release dated July 17, Goldman Sachs Group, announced that the bank’s Chairman and CEO – Lloyd C. Blankfein – will retire September 30. The Board of Directors has already appointed David M. Solomon to succeed him in both positions starting October 1, 2018.

Unlike the majority of prominent figures in New York’s financial ecosystem, David Solomon is famous for his pro-crypto stance. In the recently published Bloomberg interview, Solomon emphasizes the importance of adaptation to the current market needs.

Goldman Sachs already features some derivatives that can be traded against BTC in the nearest future and may it in the list of digital assets due to a high demand. Moreover, the bank will start using its own funds to trade to trade BTC on behalf of clients in a couple of weeks.

Solomon said,

“We are clearing some futures around bitcoin, talking about doing some other activities there, but it’s going very cautiously. […] We’re listening to our clients and trying to help our clients as they’re exploring those things too.”

On the other hand Blankfein, unlike some of his colleagues on Wall Street, doesn’t have a very good stance on Bitcoin and the cryptocurrency market. In general, Blankfein hasn’t been outright dismissive, but rather fairly contained.

While he doesn’t own any bitcoin himself, Blankfein stated that he isn’t willing to dismiss something which he doesn’t fully understand:

“I’m not in this school of saying… because it’s uncomfortable with me, because it’s unfamiliar, this can’t happen, that’s too arrogant.”

It is worth mentioning that Goldman Sachs isn’t the only big shark that expressed interest in crypto. BlackRock has also made headlines following its tentative exploration of Bitcoin and upcoming investments.

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