Goldman Sachs CEO: 'No Conclusion' on Bitcoin Yet

Goldman Sachs CEO Lloyd Blankfein hasn't made up his mind about bitcoin, according to a new statement via Twitter.

AccessTimeIconOct 3, 2017 at 8:00 p.m. UTC
Updated Sep 13, 2021 at 6:59 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

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.

— Lloyd Blankfein (@lloydblankfein) October 3, 2017

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."

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.