- Goldman Sachs CEO backs Bitcoin as a possible retailer of worth.
- The CEO's feedback help bullish crypto sentiment.
- A probable delay in Fed fee cuts that can have an effect on the worth of Bitcoin.
Goldman Sachs CEO David Solomon has endorsed Bitcoin (BTC) and its place as a retailer of worth. In an interview with CNBC, Solomon said, “Bitcoin might have a use case as a retailer of worth,” primarily placing to relaxation the talk about BTC's position as a hedge in opposition to inflation.
Solomon additionally mentioned the Olympics, the upcoming US presidential election, Fed fee cuts, cryptocurrencies and extra within the six-minute video. Whereas the financier avoided making a definitive assertion on cryptocurrencies or the Fed's fee cuts, his feedback fueled bullish sentiment within the digital asset sector.
In a put up on X (previously Twitter), monetary researcher Danny Marques famous that Solomon prevented an absolute assertion as a result of “a world response to Goldman's 'we like bitcoin and we're full' place would trigger a bid shock for BT…
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