According to online reports, Goldman Sachs mentioned the popularity of cryptocurrencies for the first time in its 2024 shareholder letter, calling it one of the important trends in the financial technology field. "The growth of electronic transactions and the introduction of new products and technologies, including cryptocurrencies and distributed ledger technology (DLT), as well as artificial intelligence technology, have intensified competition in the industry," the letter said. Goldman Sachs acknowledged that competitors may offer financial products, including cryptocurrencies, that may be more popular with customers, although Goldman Sachs currently chooses not to provide related services. Since launching a cryptocurrency trading platform in 2021, Goldman Sachs has continued to explore the application of blockchain technology and will launch a digital asset platform in 2022. In addition, Goldman Sachs is one of the few banks participating in testing the Canton Network, a blockchain communication system, demonstrating the growing interest of traditional financial institutions in blockchain technology. However, Goldman Sachs also warned that distributed ledger technology and cryptocurrencies are still in their early stages and may present cybersecurity risks and other potential weaknesses. Goldman Sachs CEO David Solomon has repeatedly said that Bitcoin is a "speculative asset," but he has also acknowledged the potential of blockchain technology to revolutionize the financial system. In the fourth quarter of 2024, Goldman Sachs significantly increased its holdings in two major Bitcoin spot ETFs, showing that its attention to the cryptocurrency market continues to increase.