Tuesday, October 2nd, 2012

The Goldman Sachs – Fortune Global Women Leaders Award
Catherine Nyambala Founder and Executive Director, STEMAfrica, Kenya
Precious Simba, Founder/Director Girls Development Initiative, Zimbabwe
Madhu Uday, Founder and CEO, Earthen Symphony, India

Presenter: Lloyd Blankfein, Chairman and CEO, The Goldman Sachs Group, Inc.

Introduction: Andy Serwer, Managing Editor, Fortune 

Photograph by Stuart Isett/Fortune Most Powerful Women Summit

Goldman Sachs CEO: ‘No Conclusion’ on Bitcoin Yet

Stan Higgins
Oct 3, 2017 at 20:00 UTC
Updated Oct 4, 2017 at 13:00 UTC

A day after it was reported that Wall Street investment giant Goldman Sachs is weighing whether to launch a bitcoin trading operation, its influential CEO took to Twitter to voice an open – yet decidedly neutral – position on the cryptocurrency.

“Still thinking about bitcoin,” CEO Lloyd Blankfein wrote on the social media platform, going on to say that he wasn’t giving his approval or disapproval.

Citing sources with knowledge of the effort, the Wall Street Journal reported yesterday that Goldman is in the early stages of creating a trading operation specifically geared toward cryptocurrencies. At the same time, it’s not clear at this time if the investment bank will go ahead with the plan. Blankfein made no mention of that report in his tweet.

His comments stand in contrast with those from fellow Wall Street banking CEO Jamin Dimon of JPMorgan Chase, who has made headlines in recent weeks for his declaration that, in his view, bitcoin is a fraud.

Other big-bank executives like Morgan Stanley’s James Gorman have taken a more measured approach, with Gorman stating late last month that he thinks bitcoin is “more than a fad.”

Image Credit: Stuart Isett/Fortune Most Powerful Women Summit