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Lloyd Blankfein (Goldman Sachs CEO): I'm Open to Cryptocurrency


Lloyd Blankfein, chairman of the board of one of the largest investment banks in the world - Goldman Sachs - said that although he is not very comfortable with bitcoin, in general he is open to cryptocurrency. At the Goldman Sachs Sustainable Finance Innovation Forum held in New York, the bank's head said that he felt "some discomfort" with respect to bitcoin, as well as with regard to everything new. So he answered the question about the attitude to bitcoin futures offered by the CME Group, a new exchange operator.

Remembering the evolution of mobile phones, Blankfein added: "Over time, I realized that many things that I do not like, work very well."

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.

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