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Promote with Leviathan NewsGoldman Sachs CEO David Solomon has reiterated his cautious stance on bitcoin, characterizing it primarily as a speculative investment while allowing that it may have a “store of value” case for some investors. In remarks recalling his 2024 CNBC comments, Solomon maintained that bitcoin lacks a clear practical use case, but acknowledged that a narrative similar to gold-like store of value has emerged around the asset. This framing positions bitcoin more as a high-risk asset that certain investors might hold as a hedge or value-preserving instrument rather than as a functional currency or payments network. Solomon’s comments come against the backdrop of a gradual but notable shift in both his personal and institutional posture toward crypto. In 2024 he publicly called bitcoin speculative with no real use case, even as he conceded the possibility of a store-of-value role; by early 2026 he had disclosed owning “very little, but some” bitcoin himself and Goldman Sachs had begun building crypto-linked products, including filing for its first bitcoin ETF. At the same time, Goldman has reduced some spot crypto ETF exposure and continues to emphasize tokenization and stablecoin technology, reflecting a strategy of engaging with digital assets infrastructure while remaining restrained on direct crypto risk. Solomon’s latest remarks underscore how a major Wall Street bank now treats bitcoin as a legitimate but speculative asset class—potentially useful as a store of value for certain clients, yet still viewed as lacking robust real-world utility.
AI-generated background, compiled from web sources — not editorial content.
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