2018-6-20 15:40 |
Goldman Sachs CEO Lloyd Blankfein reiterated his positive stance on cryptocurrencies in an interview with Bloomberg at the Economic Club of New York, June 19.
Addressing the evolution of money, Blankfein pointed out the common features between paper money and crypto, apparently implying that they both do not have intrinsic value.
But based on everything that I know, I am not guessing that it will work out.” Goldman Sachs as a whole is known for its sceptical stance on cryptocurrencies.
Despite refuting the reports in early 2018, Goldman Sachs eventually did turn to crypto, claiming that Bitcoin “is not a fraud,” and revealing plans to buy and sell cryptocurrency.
In May, Goldman Sachs-backed Circle app launched a new feature that makes it easier for “newbies” to enter the crypto market.
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