Goldman Sachs CEO: BTC will not threaten the status of the US dollar, IPO and M&A activities will begin to pick up

David Solomon, CEO of Goldman Sachs, stated in an interview at the World Economic Forum in Davos, Switzerland on 1/23 that BTC (Bitcoin) is an interesting speculative asset and will not threaten the status of the US dollar. At the same time, IPO and M&A activities will begin to heat up.

Capital market outlook, IPO and M&A activities are expected to pick up.

Regarding the capital market, Solomon emphasized that IPO and M&A activities in 2025 are expected to return to the average level of the past decade, or even higher. He said, 'In the past few years, the private equity and venture capital industries have basically been in a wait-and-see state, but we have observed signs that market activity will increase significantly in 2025.'

He specifically mentioned that the exit method of private equity assets is no longer limited to internal transactions, but is gradually seeking IPO or attracting buyers and relevant industry participants with strategic needs to acquire these assets.

BTC is not a threat to the US dollar, it is too early to talk about BTC reserves.

Solomon said that BTC (Bitcoin) will not pose a threat to the US dollar (USD), but it is an interesting speculative asset. 'I have great confidence in the US dollar and do not believe that BTC will pose a threat to it,' Solomon reiterated his confidence in the US dollar.

He also mentioned that the "underlying technology" of BTC is crucial for Goldman Sachs, "We are researching blockchain technology with the aim of making the financial system more efficient," Solomon emphasized. However, he also admitted that banks are currently limited in their involvement with BTC under existing regulations: "We cannot own BTC, nor can we engage in proprietary trading or act as intermediaries." Despite the current regulatory restrictions, Goldman Sachs continues to seek ways to explore the potential applications of blockchain and cryptocurrencies.

When it comes to the BTC strategic reserve, Solomon remains reserved and has not made a clear statement on this. He said, "Assuming there are regulatory changes, we can further discuss this topic. But it is still too early to talk about BTC strategic reserves at the moment."

(Reserving BTC to pay off US debt, think tank experts: Overthinking)

Goldman Sachs Continues to Explore Blockchain Applications

According to ChainNews' previous report, Goldman Sachs was preparing to spin off its own digital asset platform business and establish an independent company whose main business is blockchain financial applications and transactions in November last year. At that time, Mathew McDermott, the global head of digital assets at Goldman Sachs, stated that the plan is expected to be completed in the next 12 to 18 months, and the specific timing still depends on regulatory approval.

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