Solomon said that Goldman Sachs "absolutely" wants to play a part in the virtual currency disruption while also saying that the principle behind Facebook's (FB - Get Report) own cryptocurrency is "interesting."
"Many people are looking in this direction. But it is too early to say which platform will prevail. Sheryl Sandberg herself said we were still very, very far from the launch. Assume that all major financial institutions around the world are looking at the potential of 'tokenization,' 'stable wedge' and frictionless payments," Solomon said.
While digital currencies will be a player in the future, according to Solomon, the Goldman CEO said he believes that Facebook will be able to become the new banking destination for the next generation.
"Do you believe that the tech giants, who have other concerns for the moment, want to submit to the same regulatory constraints as JPMorgan or Goldman Sachs? Of course, these companies have a lot of customers and will certainly try to monetize them. It seems to me, however, that they will try to seal partnerships with banks rather than become banks themselves. We are Apple's partners in credit cards," Solomon said.
Goldman Sachs and Facebook are holdings in Jim Cramer's Actions Alert PLUS charitable trust.