Goldman Sachs CEO Lloyd Blankfein: I'm Open to Bitcoin

Goldman Sachs CEO Lloyd Blankfein has said that he has not comfortable with bitcoin, but he is open to the cryptocurrency.

AccessTimeIconNov 3, 2017 at 9:25 a.m. UTC
Updated Sep 13, 2021 at 7:07 a.m. UTC

Goldman Sachs CEO Lloyd Blankfein says that he isn't comfortable with bitcoin, but he is open to the cryptocurrency.

In an interview with Bloomberg at the Goldman Sachs Sustainable Finance Innovation Forum in New York, the CEO said that he has a "level of discomfort" over bitcoin as he has with anything that is new. His comments were in response to questions of his feelings over bitcoin futures, as recently proposed by CME Group.

Citing new technology evolutions like cellphones, Blankfein continued, "I’ve learned over the years that there’s a lot of things that workout pretty well that I don't love."

He continued:

"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."

The bank chief's comments come after a remark last month on his Twitter account in which Blankfein he is "still thinking about bitcoin" and that he is not "endorsing or rejecting" it. The comment was in contrast with that of his counterpart at JPMorgan Chase, CEO Jamin Dimon, who now-famously stated bitcoin is a "fraud."

On a concluding note, Blankfein said he doesn't hold any investments in the cryptocurrency.

Lloyd Blankfein image via The Aspen Institute/Youtube

DISCLOSURE

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

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
American CryptoFed DAO Withdraws Locke, Ducat Token Registration Request

CryptoFed said it is pulling the registration because the tokens are “not securities.”

CoinDesk - Unknown
2
CoinDesk - Unknown
Polygon Joins Solana in Bringing Web3 to Smartphones

Tech startup Nothing has tapped the Polygon network to offer NFTs on its new smartphone Nothing Phone (1)

CoinDesk - Unknown
3
CoinDesk - Unknown
Are Block Builders the Key to Solving Ethereum’s MEV Centralization Woes?

Proposer-builder separation is one way Ethereum is implementing modular decentralization.

CoinDesk - Unknown
4
CoinDesk - Unknown
Bitcoin Recovers Above $20K as Short ETF Sees Record $51M in Weekly Inflows

A ProShares product to bet against rising bitcoin prices saw millions of dollars in inflows last week.

CoinDesk - Unknown