Goldman Sachs CEO David Solomon: BTC will not threaten the status of the US dollar

As the cryptocurrency industry welcomes the new era of Donald Trump's return to the White House, global financial leaders are gathering in Davos, Switzerland to participate in the annual World Economic Forum (WEF) and discuss the future economic landscape of the world.

Goldman Sachs CEO David Solomon, during a forum interview with CNBC, expressed his views on the topic of Trump's potential creation of a 'bitcoin strategic reserve.' When asked whether 'Trump's strategy would affect Goldman's position on cryptocurrency,' he responded:

First of all, we have discussed this topic many times. The underlying technology of cryptocurrency is worth paying attention to, and we have invested a lot of time in researching and testing how to use it to reduce friction in the financial system, which is very important.

However, from a regulatory perspective, Goldman Sachs is still unable to directly hold, operate, or participate in bitcoin-related businesses. He further explained, "Let's discuss this again if the regulatory environment changes in the future."

These remarks are similar to Su Dewei's statement in December last year, when he mentioned, "If there are changes in the regulatory structure, we will reassess. But as it stands now, we do not have this permission."

Su Dewei emphasized that he has always been a loyal supporter of the US dollar and said: "Bitcoin is a speculative asset, a very interesting speculative asset, but there is nothing else to discuss."

The New York Post reported earlier that Trump is open to establishing a 'US-first' strategic reserve, prioritizing digital currencies originating in the US. In response, CNBC further inquired whether, within the 'US-first' framework, Bitcoin might threaten the status of the US dollar?

Su Dewei resolutely answered, 'I do not think Bitcoin will threaten the status of the US dollar. Others may think so, but I don't feel that way.'

According to a Bloomberg report in November last year, Goldman Sachs is in talks with potential partners, intending to spin off its digital asset platform into a separate new company, indicating Goldman Sachs' long-term layout and strategy in the cryptocurrency field.

Goldman Sachs CEO David Solomon: Bitcoin Will Not Threaten the Status of the US Dollar. This article was first published in Block.