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Goldman Sachs CEO: Bitcoin is not a threat to the US dollar

David Solomon, CEO of Goldman Sachs, announced the bank’s official position on Bitcoin at the World Economic Forum. Emphasizing his unwavering belief in the US dollar, he described Bitcoin as an “attractive speculative investment asset” that does not pose a threat to the US national currency.

Solomon, a staunch opponent and critic of Bitcoin, responded to Donald Trump’s strategy of building Bitcoin reserves by stating that the unpredictable volatility of the Bitcoin market is incompatible with Goldman Sachs’ business approach.