Goldman Sachs CEO Lloyd Blankfein is "open to Bitcoin"
From thinking about Bitcoin to being open to it, Lloyb Blankfein seems to be coming around.
Last month Blankfein made headlines when he tweeted that he was "thinking about bitcoin".
It was fairly cryptic but was a welcome response at a time when other investment bankers were outright condemning bitcoin/cryptocurrencies.
(I'm looking at you Jamie Dimon)
More on that tweet by Blankfein can be read here:
https://steemit.com/bitcoin/@jrcornel/lloyd-blankfein-still-has-bitcoin-on-his-mind
Now, it looks like Blankfein is coming around even more.
In an interview with Bloomberg, Blankfein was quoted as saying:
“I have a level discomfort with [bitcoin], as I have a level of discomfort with anything that’s new. But I’ve learned over the years that there’s a lot of things that work out pretty well that I don’t love.”
Not exactly a ringing endorsement just yet, but much softer words than that of Jamie Dimon calling it a fraud and something that his traders would be fired for trading.
In fact it looks like Blankfein may be looking to hire some bitcoin traders in the near future as opposed to firing them as Goldman is very strongly considering offering bitcoin related products to their customers in the near future.
Blankfein is not going to let his personal reservations get in the way of potentially disruptive technology, and probably more importantly, profits for his firm.
The future of money?
That is far from decided, but Blankfein was unwilling to bet against it.
He even offered these thoughts:
"Maybe in the new world, something gets back by consensus. Instead of a government fiat, maybe it’s a consensual arrangement by people that agree that it’s worth something."
Now that would be interesting...
Not comfortable but not willing to go against it?
Blankfein said he wasn't completely comfortable with it yet, but he knows it's not smart to stand in the way of disruptive technology.
He also said that he could see how we could get to the point where something like bitcoin eventually takes over.
He expanded on those thoughts a bit in the interview, saying:
“If we went into the future and bitcoins were successful, I would be able to explain how it was a natural evolution from hard money."
So, basically he is saying that it makes sense to him.
“Maybe 200 years from now even someone like me might be comfortable with it, but right now, I tell you: I don’t have an investment in it, but I’m not willing to pooh-pooh it and that’s why I say I’m open to it."
There you have it.
One of the most powerful CEO's on Wall Street is open to bitcoin, though admittedly he's not its biggest cheerleader.
That is great news for bitcoin bulls and crypto enthusiasts alike. I would not be surprised to see Goldman offering some form of bitcoin derivatives or bitcoin trading product at some point in 2018.
In fact that is one of the bigger bitcoin rumors circulating around Wall Street right now.
Stay informed my friends.
Sources:
https://www.cryptocoinsnews.com/im-open-to-bitcoin-goldman-sachs-ceo-lloyd-blankfein/
Image Sources:
https://news.bitcoin.com/goldman-sachs-ceo-lloyd-blankfein-latest-exec-flirt-bitcoin/
http://kingsreview.co.uk/articles/bitcoins-utopianism-and-the-future-of-money/
Follow me: @jrcornel
Pff. This guy with a new bitcoin statement every day lol. Bitcoin is here to stay, and they (banking guys) have known this to be true for quite some time now.
Have to admit I really like what he had to say. Much better than Jamie D
Me too, I have more respect to Lloyb Blankfein than Jamie D.
Way better than Jamie D, who just took the opportunity to create more FUD at the time when the market was shaky already only to buy up some coins with his company.
Never trust a bankster! I'd rather he come out against it.
one banksters said is good, and another said is bad. But... the bitcoin was created by MIT and banksters, especially Rothschild.
So... the family who owns the central banks wants us to ditch their monopoly product to use a decentralized free-market cryptocurrency? Right...
no, they have supercomputers that put probability that fractionary reserve continue, and say no, then find another way to mantain their power using encryptation. use a plan a dont work, use plan b, dont work use a plan c. Bitcoin is plan b. Many people know that the money is created from nothing by banksters.
Dude, encryption is just math used to prove something happened, and it puts power in the individual's hands.. the opposite of what a power-hungry banker wants.. The cryptowars were waged to put cryptography in the hands of the people. Bitcoin sucks but that is just absolutely nonsensical.
power in individuals hands? http://www.zerohedge.com/news/2017-09-19/cryptocurrency-concentration-just-4-own-over-95-bitcoin?page=1
I know all about that - it's heavily manipulated. That being said, encryption is not the problem, nor is crypto. The problem is mining, fiat crypto, and overhyping of this old Bitcoin technology. Cryptocurrency is a banker's worst nightmare - especially now that we have anonymous transactions on Bitshares.
i think that blockchain was created by banksters, but they dont think that appear so many coins, now are 400 or more coins, that dilute the control over the market, but... maybe the game is only recognize less than 10 coins , and that is doing by countries and presidents.
I see what you're saying, we do live in a winner-takes all market, and there are a load of crappy ICO's rn. I think they want a shitcoin to win so when it crashes they can label cryptocurrency dangerous. That way they can justify massive government regulation and the rollout of a Fed-coin or UN Phoenix-coin.
zzzzz.....Conspiracy detected!
same conspiracy theories that do that Bill Clinton say sorry about experiments in open population by CDC.
He has no choice... it's a part of history now.
Hey ,
Thanks for the great content
If he is fine with Bitcoin, it s a trap 😉
I think you are right that Goldman Sachs will try to capitalize and offer new products and I think the primary reason is there is money to be made on new fees inside the products. I think Llyod is covering his but on his bitcoin remarks and really doesn't understand what is going on... could be wrong tho!
He said it's mostly based on customer demand. If their customers want it bad enough, they will provide it for them. :)
But if customer not demand it what will be happen then let me know @jrcornel
I have to admit this is good news for bitcoin overall, but there's a part of me that would rather not have these banker types coming into the mix. Long term, we're gonna get fooked somehow.
Yep This Man is Old School :D