Shortly after the demise of the FTX cryptocurrency exchange in late 2022, Goldman Sachs CEO David Solomon wrote an opinion piece in the Wall Street Journal entitled “Blockchain is much more than crypto”, where he said: “Investors large and small stand to gain with blockchain innovations that are guided by established, experienced institutions.”
While Solomon was writing at the start of what many referred to as the second “crypto winter” where digital asset valuations took a sharp downturn, Mathew McDermott, global head of digital assets at Goldman Sachs, says that viewpoint “is more relevant, and resonates more, today than it did then”.
