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   669

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 launch cryptocurrency trading desk

The Goldman Sachs Group plans to set up a trading desk for cryptocurrencies such as Bitcoin by the end of June 2018
22 December 2017   280

The Goldman Sachs Group, a leading global investment banking, securities and investment management firm that provides a wide range of financial services, is reportedly going to launch a trading desk to make markets in digital currencies such as Bitcoin. The bank plans to set up cryptocurrency trading by the end of June of 2018.

In response to client interest in digital currencies, we are exploring how best to serve them.

Michael DuVally

Goldman Sachs spokesman

The representatives of Goldman Sachs said in interview with Bloomberg that the company will assemble a team in New York, although the bank did not make a decision where to house the desk, but it is possible that it will function within the fixed-income, currencies and commodities unit’s systematic trading function, which conducts transactions electronically.

In the beginning of November 2017 we have reported that Goldman Sachs CEO Lloyd Blankfein said in interview to Bloomberg that he wasn’t comfortable with bitcoin, but he was open to this cryptocurrency.

At the moment of press, these are main market parameters of Bitcoin:

  • Average price: $13 138,10
  • Marketcap: $220 146 102 687
  • 24h volume: $16 930 200 000