Goldman Sachs CEO: Bitcoin Might Function Retailer of Worth, Hints at Fed Charge Minimize Delay

• Goldman Sachs CEO backs Bitcoin as potential retailer of worth.
• The CEO’s feedback fuels bullish crypto sentiment.
• Fed charge reduce delay possible, impacting Bitcoin’s worth.

David Solomon, the CEO of Goldman Sachs, supported Bitcoin (BTC) and its standing as a retailer of worth. In a CNBC interview, Solomon acknowledged, “Bitcoin might have a use case as a retailer of worth,” primarily placing to relaxation the talk about BTC’s function as a hedge in opposition to inflation.

Solomon additionally mentioned the Olympics, the upcoming U.S. Presidential elections, Fed charge cuts, cryptocurrencies, and extra within the six-minute video. Whereas the financier kept away from making a definitive assertion on cryptocurrencies or Fed charge cuts, his feedback fueled bullish sentiment within the digital asset sector.

In a publish on X (previously Twitter), monetary researcher Danny Marques famous that Solomon prevented making an absolute assertion as a result of “the worldwide response to Goldman positioning as ‘we like and are full on Bitcoin’ would set off a provide shock to BT…

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