Lloyd Blankfein, CEO of Goldman Sachs, does not own any bitcoin, but he refuses to rule out its future. Appearing at The Economic Club of New York on Tuesday, Blankfein hit an optimistic note when talking about the cryptocurrency, specifically when he compared its potential with that of fiat currencies.
“If you can go through that fiat currency where they say this is worth what it’s worth because I, the government, says it is, why couldn’t you have a consensus currency?” he said.
“And so, it’s not for me. I don’t do it, I own no bitcoin… but if does work out, I could give you the historical path why that could have happened.” Blankfein ended his thoughts by stating, “I’m not in the school of saying, ‘Gee, because it’s uncomfortable, because it’s unfamiliar, this can’t happen.’ That’s too arrogant.”
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The Goldman Sachs CEO joins a long list of bitcoin bulls and bears. Recently, Bill Harris, former CEO of Intuit and PayPal, strongly expressed his stance on cryptos, stating that, “Bitcoin is a scam. In my opinion, it’s a colossal pump-and-dump scheme.” Others, on the other hand, are more bullish on cryptocurrencies, including Jamie Dimon, CEO of JPMorgan Chase & Co., who said that, “The blockchain is real. You can have crypto yen and dollars and stuff like that.”
More of Lloyd Blankfein’s talk can be viewed below:
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