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Goldman Sachs CEO David Solomon has reiterated during the bank’s Earnings Conference Call on April 14, 2021, that it’s still paying close attention to bitcoin (BTC), as its clients are very much interested in cryptocurrency. Despite serious demand from its users, Solomon says Goldman Sachs still can\u2019t add support for bitcoin as a principal, due to regulatory uncertainties in the United States.<\/strong><\/p>\n It will be <\/span>recalled<\/span> that Goldman Sachs announced earlier in March 2021, that it plans to roll out cryptocurrency investment products and make them accessible to clients of its private wealth management group in Q2, 2021.<\/span><\/p>\n \u201cGoldman is looking to offer a \u201cfull-spectrum\u201d of investments in bitcoin and digital assets, whether that\u2019s through the physical bitcoin, derivatives or traditional investment instruments,\u201d revealed Mary Rich, Goldman Sachs global head of digital assets at the time.\u00a0\u00a0<\/strong><\/p>\n<\/blockquote>\n However, it appears that move may be further delayed, as David Solomon, the CEO of the 152-year-old American bank, has hinted that the highly reputed financial institution may not be able to act as a principal for bitcoin (BTC) and other crypto assets.<\/span><\/p>\n Solomon noted that despite serious demand for bitcoin from its clients, the current regulatory dark clouds surrounding the U.S. crypto space make it almost impossible for the bank to fully join the bitcoin bandwagon.<\/span><\/p>\n \u201cWe need to operate within the current regulatory guidelines. For example, we cannot own bitcoin or trade it as a principal,\u201d Solomon declared.<\/strong><\/p>\n<\/blockquote>\n Having previously described bitcoin (BTC) as a <\/span>vehicle for fraudsters<\/span>, the continued success of bitcoin and other cryptocurrencies have forced the bank to change its stance towards the world\u2019s flagship crypto just like Jamie Dimon and other notable critics.<\/span><\/p>\n<\/span>Regulatory Dark Clouds Holding Goldman Sachs Back<\/strong><\/span><\/h2>\n
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<\/span>Bitcoin Very Important\u00a0<\/strong><\/span><\/h2>\n