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.
The Post has sought comment from Goldman Sachs.
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.
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.”
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. Solomon’s counterpart at JP Morgan, Jamie Dimon, said back in 2021 that Bitcoin has “got no intrinsic value.”
But under Solomon’s leadership, Goldman has deepened crypto involvement, launching trading desks and custody services for institutional clients.
Wall Street’s attitude on digital currencies has shifted under the second Trump administration, which has opted for a light-touch approach towards crypto regulation.
Bitcoin is exchanged without the involvement of banks or governments. Transactions allow anonymity, which has made it popular with people who want to keep their financial activity and their identities private.
The digital coins are created by so-called “miners” who operate computer farms that verify other users’ transactions by solving complex mathematical puzzles.
These miners receive Bitcoin in exchange for the effort. It can be converted to cash when deposited into accounts at prices set in online trading.
