Goldman Sachs CEO believes blockchain is much important than Bitcoin
The CEO of Goldman Sachs shared his point of view on Bitcoin and blockchain. He said that Blockchain is much more important than Bitcoin.
In the present time, both crypto and blockchain industry demand is increasing because of its potential to give better results in the different sectors of the payment system and make money with the use of the small skill of trading ideas. But there are two communities with this industry, there are many people who are in favour of Bitcoin, on the other hand, there are people who only appreciate crypto underlying technology, blockchain.
On Tuesday, David Solomon, CEO at Goldman Sachs, appeared in an interview with CNBC’s Squawkbox and said that Bitcoin is not much important for him over the underlying technology, Blockchain.
David was questioned that what is his point of view on crypto then, he said:
“My view on, on bitcoin, for example, is I don’t know but it’s not something, you know, individually that’s important to me”
Further, David said that the value of Bitcoin is because of the Blockchain technology that is giving it power and also Blockchain technology is the future of the financial system. David also said that they believe in this technology in which this crypto industry lies. And also with this revolution of technology, Goldman Sachs wants to participate to adopt it in its app services.
David also noted that Bitcoin is not the key king. This is just an asset to blockchain technology. And the blockchain technology revolution is surging because of the acceleration of the crypto industry. And also said that Blockchain will give acceleration to the financial system.
” I think bitcoin is not the key thing. The key thing is how can blockchain or other technologies that are not developed yet accelerate the pace of the digitization of the way financial services are delivered.”
However, David admitted directly that Bitcoin offerings were part of the Market demand where people can put their money in this speculative market.
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