Goldman Sachs Eyes Crypto Market if US Regulations Evolve
Goldman Sachs, one of the world’s largest asset managers, is willing to dip into cryptocurrency, particularly Bitcoin and Ethereum, if US rules become more conducive.
Speaking at a Reuters event on December 5, 2024, CEO David Solomon said that the firm would “look at” entering those markets as demand for digital assets rises. However, some rules still don’t allow Goldman Sachs to hold or trade cryptocurrencies directly.
Solomon offered his remarks as Bitcoin hit $100,000 for the first time ever in histrory. The gain has given rise to further interest by large investors.
Goldman Sachs is already indirectly active in the crypto market through Bitcoin exchange-traded funds. The company holds…
