Goldman CEO David Solomon Understands The Value Of BlockChain; Says Tokens Are Speculative $GS

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FinTech crypto firms booming. I’m curious whether the collapse of FCX is making you think in any fashion differently about crypto as an industry, if the underlying technology blockchain is extremely interesting. I think there are enormous opportunities for blockchain to play a role in evolving the infrastructure of our financial system. I think there’s an enormous amount of friction in the way money moves.
This technology can be used to allow more participation and inclusive participation in financial activities. I think it can break down barriers. That has nothing to do with Bitcoin or a cryptocurrency. I don’t I don’t really, you know, offer a view on. On cryptocurrencies I think they’re highly speculative and they may hold value. They may not. But I’m interested in the underlying technology.
You want to be available to give our clients advice and insight and how we think about some of these things. But our activities are extremely limited in the space. Is there anything you didn’t do in the first five years that will kind of be at the top of your list here to execute as you eternities for us in asset management.

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