The Wall Street veteran will also earn an $80 million retention bonus if he remains with the bank for another five years.

Wall Street investment bank, whose stock price hit a record high this week, awards CEO Solomon a stock bonus set to vest in 2030.

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Goldman Sachs CEO labels Bitcoin as a speculative asset, rejecting its threat to the US dollar's dominance amidst regulatory constraints.

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Goldman Sachs CEO believes Bitcoin is a speculative asset that cannot rival the US dollar's dominance as the global reserve currency.

BlackRock CEO Larry Fink said Bitcoin will hit $700k, while Goldman Sachs CEO David Solomon said BTC is not a threat to the dollar.

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Retention bonus and big pay raise quell any remaining questions about the CEO’s ability to stay in place

Goldman Sachs CEO David Solomon said that the banking giant is intrigued by Bitcoin’s “underlying technology” and called it an “interesting speculative asset.”