Goldman Sachs CEO David Solomon, long a cryptocurrency skeptic, disclosed Wednesday that he personally owns a small amount of Bitcoin. Speaking at the World Liberty Forum at President Trump’s Mar-a-Lago club in Palm Beach, Fla., the exec described his crypto holdings as “very little, but some” Bitcoin. The 64-year-old Wall Street titan did not specify the value of his investment or how long he’s had it, but his admission comes as Bitcoin hovers below $70,000, down from recent market highs.
Solomon said at the event hosted by presidential sons Eric Trump and Donald Trump Jr. that he’s closely monitoring the digital currency as part of broader financial technology trends. The 200 West St. chief executive, who took over from Lloyd Blankfein in 2018, previously suggested crypto was highly speculative — a variety of skepticism that used to be widespread on Wall Street. Under Solomon’s leadership, Goldman has deepened crypto involvement, launching trading desks and custody services for institutional clients.
Solomon said traditional finance and cryptocurrency should not be seen as rivals and that tokens will be “super important” in the future. “It’s one system; it’s our system,” he declared. “We have to do it the right way.”
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