Goldman Sachs CEO Lloyd Blankfein stated that he is open to bitcoin, but he isn’t contented with the cryptocurrency.
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At the Goldman Sachs Sustainable Finance Innovation Forum in New York, Blankfein was questioned about the technology by Bloomberg after news broke that CME Group intends to commence bitcoin futures in the fourth quarter, awaiting regulatory approval.
Blankfein said that he holds a “level of discomfort” regarding bitcoin as with anything that is original and unfamiliar.
“I’ve learned over the years that there’s a lot of things that workout pretty well that I don’t love,” Blankfein said.
“Maybe in the new world, something gets backed by consensus … If we went into the future and bitcoins were successful, I would be able to explain how it’s a natural evolution of money.”
Last month, Blankfein wrote on Twitter “Still thinking about #Bitcoin. No conclusion – not endorsing/rejecting. Know that folks also were skeptical when paper money displaced gold.”
Still thinking about #Bitcoin. No conclusion – not endorsing/rejecting. Know that folks also were skeptical when paper money displaced gold.
— Lloyd Blankfein (@lloydblankfein) October 3, 2017
The comments are in stark contrast to JPMorgan Chase CEO, Jamie Dimon, who in-famously called bitcoin a “fraud.”
Blankfein concluded by saying that he doesn’t hold any investments in bitcoin.