The current president of the New York multinational, David Solomon, said that he will be taking over from the previous manager, Lloyd Blankfein in October this year following his twelve years at the company. This has finished the speculation on who would be take over from Blankfein as his successor. Conveniently for the crypto market, David Solomon has a history of saying positive things regarding the industry. Especially when you compare him to other main figurehead in mainstream finance. In June this year, it was reported by Bloomberg that Solomon said Goldman Sachs are looking at the trading cryptocurrencies beyond Bitcoin. He went on to say:
“We are clearing some futures around Bitcoin, talking about doing some other activities there, but it’s going very cautiously, we’re listening to our clients and trying to help our clients as they’re exploring those things too.”Bitcoin is stupid?
Despite many people on Wall Street being strictly against Bitcoin and other cryptocurrencies, the market as a whole in some cases! The CEO of JP Morgan, Jamie Dimon has previously commented on the crypto market and Bitcoin saying that those who buy Bitcoin are “stupid”. Even the soon to be ex-CEO of Goldman Sachs, Lloyd Blankfein has commented on the industry by saying:
“I’m not in this school of saying because it’s uncomfortable with me, because it’s unfamiliar [Bitcoin] can’t happen, that’s too arrogant.”
Many of us will most likely disagree with Dimon and Blankfein…Investment Disclaimer