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What will be Goldman Sachs' first cryptocurrency trading product by end of 2025?
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Resolution / Starting Odds
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Official announcements from Goldman Sachs or major financial news outlets
Story
Goldman Sachs CEO David Solomon Signals Potential Entry into $3 Trillion Bitcoin and Ethereum Markets Amid Regulatory Changes at Reuters Next Conference
Dec 11, 2024, 05:14 AM
Goldman Sachs CEO David Solomon announced that the firm is considering entering the Bitcoin and Ethereum markets, contingent on potential changes in U.S. regulations. Speaking at the Reuters Next conference, Solomon highlighted that current regulations prevent the bank from owning Bitcoin as a principal. However, he indicated that if regulatory conditions were to shift, Goldman Sachs is well-equipped with significant infrastructure to engage in cryptocurrency trading. This statement comes amid speculation about a more favorable regulatory environment under the new Trump administration, which could facilitate the firm's entry into the crypto markets.
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