Goldman Sachs CEO David Solomon: Bitcoin will not threaten the status of the US dollar! IPO and M&A activities are expected to recover

Goldman Sachs CEO David Solomon recently said at the World Economic Forum in Davos that although Bitcoin is a compelling speculative asset, it will not pose a challenge to the dominance of the US dollar. He also predicts that IPO and M&A activities will rebound significantly in 2025.

Capital markets recover, expectations for IPO and M&A activity are heating up

Solomon pointed out that the IPO and M&A transaction volume in 2025 is expected to reach or even exceed the average level in the past decade. "There has been generally cautious in the private equity and venture capital sectors over the past few years, but we have seen positive signals of a sharp rebound in market activity in 2025." He specifically mentioned that the exit channels for private equity assets are shifting from previous internal transactions to IPOs or strategic acquisitions.

Bitcoin is not a threat to the US dollar, and it is too early to say that strategic reserves are

Solomon stressed that Bitcoin will not shake the status of the US dollar, and he firmly believes in the stability of the US dollar. "I don't think Bitcoin poses a threat to the US dollar." But he also affirmed the importance of Bitcoin's underlying technology and said that Goldman Sachs is actively studying blockchain technology to improve the efficiency of the financial system. However, current regulations limit banks' participation in digital currencies, and Goldman Sachs is currently unable to hold, trade or act as an intermediary for Bitcoin. As for Bitcoin’s strategic reserves, Solomon believes that the time for discussion is too early and depends on changes in the regulatory environment.

Goldman Sachs continues to explore blockchain applications

Previous reports showed that Goldman Sachs plans to divest its digital asset platform to establish an independent company focused on blockchain financial applications and transactions. Mathew Mc Dermott, head of global digital assets at Goldman Sachs, has said the plan is expected to be completed within the next 12 to 18 months, and the final time depends on regulatory approval results.

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