During an interview with CNBC at the Summer Olympics, David Solomon, the chief executive of Goldman Sachs, shared his thoughts on bitcoin, emphasizing its potential as a store of value. However, Solomon maintained his cautious stance on the speculative nature of the cryptocurrency.
“I’ve always said I think it’s a speculative investment,” Solomon stated. “I don’t see a real use case.”
Despite his reservations, Solomon acknowledged the intriguing nature of the underlying technology behind cryptocurrencies. He highlighted the potential for advancements in reducing financial system friction as digitization continues to evolve.
When CNBC’s Joe Kernan posed a question about the possibility of bitcoin serving as a reserve similar to gold, Solomon responded, “There very well could be a store of value case.”
