David Solomon, CEO of Goldman Sachs and a longtime crypto skeptic, has publicly admitted to owning the first cryptocurrency, Business Insider reports.
Speaking at the World Liberty forum, Solomon revealed that he holds Bitcoin in his personal portfolio, albeit in a "very, very limited" amount.
Previously, the banker called Bitcoin a speculative asset with no real-world application. Now, he describes himself not as a forecaster, but as an observer, emphasizing the importance of understanding technology at the intersection of finance.
Solomon criticized the regulatory approach of the past five years, calling it burdensome and "capital-sapping."
This admission comes at a difficult time for the crypto market. Bitcoin fell 1% just yesterday. The asset has been in a prolonged decline, having lost almost 50% of its value since reaching its all-time high in October 2025.
Goldman Sachs is also toning down its rhetoric: the bank is exploring the possibility of launching stablecoins. However, it still lags behind competitors like JPMorgan, which is already actively using its own JPM Coin and offering clients tokenized assets.