Goldman Sachs: Bitcoin Is Not a Threat to US Dollar

As US President Donald Trump returns to the White House, the crypto industry prepares to welcome him while influential financial leaders gather in Davos, Switzerland for the annual World Economic Forum.

Goldman Sachs CEO David Solomon took the time to speak with CNBC’s Andrew Ross Sorkin on Wednesday afternoon, discussing the potential impact of Trump’s interest in holding a strategic Bitcoin reserve.

While Solomon acknowledges the importance of blockchain technology and its potential to reduce friction in the financial system, he clarifies that Goldman Sachs is still unable to deal with cryptocurrencies due to regulatory restrictions.

However, he adds that if the regulatory landscape changes, the bank will reassess its stance. This echoes Solomon’s previous statements in December 2024 about the potential for Goldman Sachs to deal with cryptocurrencies if regulations permit.