Longtime crypto skeptic and Goldman CEO David Solomon says he owns a 'very limited' amount of bitcoin
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- Goldman Sachs CEO David Solomon has revealed that he holds some bitcoin.
- At the World Liberty Forum, he admitted that he owns a "very, very limited" amount.
- Solomon has described bitcoin as a speculative asset with no real use case.
At the World Liberty Forum at Mar-a-Lago in Florida, David Solomon revealed that he holds some bitcoin among his personal investments.
The Goldman Sachs CEO hasn't always spoken positively about the apex crypto token. In 2024, he said he believed bitcoin is a speculative asset without a real use case. More recently, he downplayed the potential threat that some think it poses to the US dollar, making it clear that he wasn't concerned.
Solomon didn't reveal exactly how much he has invested in bitcoin or how long he has held it for, only that he holds a "very, very limited" amount. He added that he doesn't see himself as a forecaster but rather as an observer of crypto, implying that he believes it is important to understand it as the technology continues to intersect with finance.
Goldman has warmed to cyrpto more recently. Solomon previously stated that the bank has a team assessing how to implement stablecoins. Yet, it hasn't embraced crypto as much as peers like JPMorgan, which has debuted tokenized offerings for clients and issued its own JPM Coin.
In his address at the World Liberty Forum, Solomon also discussed regulation, noting that he sees the regulatory approach of the last few years as burdensome.
"When you burden this system with excessive regulation, you start to extract capital," he said. "That absolutely happened in the last five years."
The Trump administration has prioritized easing regulations on the crypto industry, which initially spurred growth for bitcoin and other digital assets. However, the top crypto has been in a rut since hitting an all-time high last October, with prices down nearly 50% since then.
Bitcoin was down on Wednesday, struggling to gain momentum after its latest streak of declines. The token was trading at $66,500, down about 1%.