- As you correctly point out, the regulatory framework limits their ability to do much with bitcoins. They talk to clients and strive to answer requests for more. They are experimenting with new methods to leverage the blockchain and technology in the world in which we operate.
- So, they have been working on the concept of doing a blockchain repo. They have worked on loans that are structurally secured by someone who holds cryptocurrency. But, at the end of the day, they don’t have a strong opinion on Bitcoin’s direction: up, down, or sideways. They are more concerned with technical infrastructure than with cryptocurrency.
- They are still a big believer in the digital disruption of the financial infrastructure, which underpins everything they and others who interact with the financial system do on a daily basis the way money moves around the world, the way They keep track of things, and the way they can automate and streamline processes.
David Solomon, Chairman, CEO, and a member of The Goldman Sachs Group, Inc.’s Board of Directors, has revealed his thoughts on blockchain technology and cryptocurrencies. Solomon made his remarks on CNBC’s Squawk Box on May 18 during an interview with Andrew Ross Sorkin. Solomon said when asked how Goldman sees itself fitting into the crypto landscape:
Increasing Efficiency And Lowering The Cost Of Products And Services
I’m still a big believer in the digital disruption of the financial infrastructure, which underpins everything we and others who interact with the financial system do on a daily basis the way money moves around the world, the way we keep track of things, and the way we can automate and streamline processes.
I believe that blockchain and other technologies, some of which now exist and others that have yet to be developed, provide us a lot of leeway in terms of evolving infrastructure, reducing friction for end-users, increasing efficiency, and lowering the cost of products and services. As a result, I am a firm believer in it. We’ve put a lot of effort into it.
A Strong Opinion On Bitcoin’s Direction Up, Down, Or Sideways
As you correctly point out, the regulatory framework limits our ability to do much with bitcoins. We talk to clients and strive to answer requests for more. We’re experimenting with new methods to leverage the blockchain and technology in the world in which we operate.
So, we’ve been working on the concept of doing a blockchain repo. We’ve worked on loans that are structurally secured by someone who holds cryptocurrency. But, at the end of the day, I don’t have a strong opinion on Bitcoin’s direction: up, down, or sideways. I’m more concerned with technical infrastructure than with cryptocurrency.
ផងដែរអាន: ក្រុមហ៊ុនសវនកម្មកិច្ចសន្យាឆ្លាតវៃល្អបំផុតចំនួន 3 ដើម្បីជ្រើសរើសសម្រាប់គម្រោងរបស់អ្នកនៅឆ្នាំ 2022
Source: https://www.thecoinrepublic.com/2022/05/23/the-ceo-of-goldman-sachs-is-a-true-believer-in-the-virtual-disruption-of-finance-system/