The CEO of Goldman Sachs has denied a report from last year which said that the investment bank was moving to launch its own bitcoin trading desk.
In October, the Wall Street Journal reported that such a plan was in the "early stages," citing sources with knowledge of the process.
"Goldman's effort involves both its currency-trading division and the bank's strategic investment group, the people said. That suggests the firm believes bitcoin's future is more as a payment method rather than a store of value, like gold," the newspaper reported at the time.
Speaking with CNBC at the World Economic Forum in Davos on Wednesday, CEO Lloyd Blankfein called the report "not true" – though his comments left the door open to the possibility that Goldman could, one day, move in that direction.
He told the network, according to a transcript:
The network went on to ask Blankfein if his family has gotten involved in bitcoin, to which he replied: "I can't speak for all of my – you know, for all of my Millennial children," going on to add "but the grownups aren't."
Image via Flickr
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.