Goldman Sachs CEO David Solomon, who has described crypto as “a speculative investment,” told the World Liberty Forum at Mar-a-Lago on Wednesday that he now owns a small account of bitcoin as the asset’s price lags below the $70,000 benchmark after months of weak performance. NEW YORK, NEW YORK - JUNE 12: Goldman Sachs CEO David Solomon (Photo by Taylor Hill/Getty Images) Getty Images
Solomon has repeatedly referred to crypto as speculative in the past, telling viewers during a 2024 TV interview with CNBC that he doesn’t “see a real use case.” On Wednesday, during the World Liberty Forum at Mar-a-Lago in Florida, he revealed that he now owns a “very, very limited” amount of Bitcoin. He clarified that he’s not a “great bitcoin prognosticator” and remains an observer of the asset. Solomon has acknowledged that Goldman Sachs cannot directly own or trade bitcoin because of regulatory limitations on banking institutions, though he said he would consider it if regulations change.
“At the end of the day, I’m a big believer in the US dollar. I think the US dollar is super important,” Solomon explained during his CNBC interview just last month, “I don’t see bitcoin as a threat to the US dollar.”
47%. That’s how much Bitcoin has fallen from its all-time high of $126,000 in October 2025, according to its price on Wednesday afternoon, which stands at $66,600. However, the asset has seen far sharper declines in the past, collapsing over 84% from its 2017 peak and over 77% from its 2021 peak.
After a period of institutional skepticism, bitcoin has now gained ground in mainstream investing. Major financial firms like BlackRock, Fidelity, and Invesco now manage billions in bitcoin-linked products, signaling a deeper integration of crypto into traditional finance even as volatility remains high. Large U.S. banks, however, face regulatory restrictions that limit their ability to directly hold bitcoin on their balance sheets. The most recent bitcoin decline fueled interest in assets perceived as safer, with gold and silver reaching record highs in recent months.