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January 23, 2025

Goldman Sachs CEO Rejects Bitcoin as Dollar Threat

Goldman Sachs CEO David Solomon publicly dismissed Bitcoin as a significant threat to the US dollar. He described Bitcoin as a speculative asset with potential but not capable of reducing financial friction. Solomon’s stance highlights ongoing skepticism among traditional financial institutions regarding cryptocurrency’s role in the economy. As Bitcoin continues to gain attention, the divide between traditional finance leaders and crypto supporters remains evident. Observers will be keen to see how this impacts Bitcoin’s market perception and future adoption.

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