Goldman Sachs CEO: I'm Open to Bitcoin

Lloyd Blankfein, Chainman and CEO at Goldman Sachs gave interview to Bloomberg about Bitcoin
03 November 2017   1796

Goldman Sachs CEO Lloyd Blankfein said in interview to Bloomberg that he isn't comfortable with bitcoin, but he is open to this cryptocurrency.

Bloomberg talked with mr. Blankfein at Goldman Sachs Sustainable Finance Innovation Forum in New York. CEO said the he has a "level of discomfort" over bitcoin as he has with anything new. 

I’ve learned over the years that there’s a lot of things that workout pretty well that I don't love. 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.

Lloyd Blankfein
CEO and Chairman, Goldman Sachs

Mr. Blankfein also noted that he is "still thinking about bitcoin" and that he is not "endorsing or rejecting" . 

Goldman Sachs to Give Bullish BTC Forecast

Goldman Sachs experts expect to see bitcoin near the $ 13,971 mark
12 August 2019   928

While Wall Street representatives sometimes come back to criticize Bitcoin, the well-known investment bank Goldman Sachs gives its own forecast for the price of cryptocurrency. To the surprise of many, it turned out to be bullish.

A note for Goldman Sachs customers on Twitter shared by Three Arrows Capital CEO Su Zhu.

As follows from the publication, in the short term, Goldman Sachs expects to see bitcoin near the $ 13,971 mark.

An unnamed analyst builds his forecast based on the Elliott Wave Theory. According to him, with a high degree of probability, bitcoin will rebound from the level of $ 11,094 in the coming days. After this, the opportunity will arise “for at least one more leap to $ 12,916 and $ 13,971”.

On the other hand, a pullback from the indicated levels should be considered as an opportunity to buy cryptocurrency against the backdrop of weakness, if its rate does not fall below $ 9,084.

What is more surprising: that Goldman Sachs has a bullish target on BTC, that they have any target at all, or that they use Elliott Wave Theory? I'm personally most surprised they cant be bothered to use a chart that includes weekend price action.

Su Zhu
CEO, Three Arrows

Short-term stop orders for long positions should be placed at $ 10,791, according to Goldman Sachs.