Skip to main content

Goldman Sachs’ Blankfein Admits His View on Cryptocurrency Is Evolving — Says Crypto ‘Is Happening’

https://motleybloggers.com/wp-content/uploads/2022/01/goldman-sachs-blankfein-admits-his-view-on-cryptocurrency-is-evolving-says-crypto-is-happening.jpg

Goldman Sachs’ Blankfein Admits His View on Cryptocurrency Is Evolving — Says Crypto 'Is Happening'

Lloyd Blankfein, a former Goldman Sachs CEO who is now the firm’s senior chairman, says his view on cryptocurrency is evolving. “I look at the crypto, and it is happening,” he added.


Goldman Sachs Executive Lloyd Blankfein Says Crypto ‘Is Happening’


Lloyd Blankfein, a former Goldman Sachs CEO who has voiced skepticism about cryptocurrency in the past, said in an interview with CNBC this week that his view on crypto is “evolving.”


Blankfein served as Goldman Sachs’ chairman and chief executive officer from 2006 through September 2018, and remained chairman through December 2018. He is now senior chairman of the Goldman Sachs Group.


He was asked whether his view on cryptocurrency has changed given the current market condition and traditional banks, including Goldman Sachs, starting to offer crypto services, such as trading and custody.


The Goldman executive replied:


Look, my view of it is evolving … I can’t predict the future, but I think it’s a big thing to be able to predict the present, like, ‘What is happening?’ And I look at the crypto, and it is happening.


“As an intellectual matter, I can’t think differently about it,” Blankfein insisted. However, he clarified: “As a pragmatist and somebody who’s skeptical not only about the market but skeptical of my own views, I try to get on board and acknowledge that I don’t know everything. Strange things, things that I think are strange, actually happen.”

Commenting on the crypto market, the former Goldman Sachs CEO said: “It’s lost a lot of value, but at a point, it’s trillions of dollars of value contributing to it, and whole ecosystems are growing around it. And, of course, we have the benefits of instantaneous transfers and reduction of credit risk and all the benefits of blockchain.”


Blankfein concluded:


I may be skeptical, but I’m also pragmatic about it. And so guess what, I would certainly want to have an oar in that water.


In January last year, Blankfein warned about regulators coming after the crypto sector. “If I were a regulator, I would be kind of hyperventilating at the success of it at the moment and I’d be arming myself to deal with it,” he said.


What do you think about the former Goldman Sachs CEO’s comments? Let us know in the comments section below.



Origina post from
https://motleybloggers.com/goldman-sachs-blankfein-admits-his-view-on-cryptocurrency-is-evolving-says-crypto-is-happening/

Comments

Post a Comment

Popular posts from this blog

US Senator Urges Congress to Pass Her Crypto Bill — Claims It Would’ve Prevented FTX Bankruptcy

http://motleybloggers.com/wp-content/uploads/2022/11/us-senator-urges-congress-to-pass-her-crypto-bill-claims-it-wouldve-prevented-ftx-bankruptcy.jpg U.S. Senator Cynthia Lummis believes that the FTX bankruptcy wouldn’t have happened under the Lummis-Gillibrand crypto bill. She stressed: “It’s clearer now than ever before that we need comprehensive regulation in the digital asset space.” Senator Lummis Explains How Her Crypto Bill Would Prevent the FTX Catastrophe U.S. Senator Cynthia Lummis (R-WY) explained in a series of tweets Monday why the collapsed cryptocurrency exchange FTX wouldn’t have gone bankrupt had Congress passed her crypto bill. The cryptocurrency trading platform filed for bankruptcy last week. The senator from Wyoming has been a supporter of bitcoin for quite some time. She personally owns BTC and believes that bitcoin is something that the Federal Reserve should hold on its balance sheet. She has said repeatedly that the cryptocurre...
Post a Comment
Read more

Research Shows Centralized Exchanges Saw the Most Visits This Year From Americans, Koreans, Russians

http://motleybloggers.com/wp-content/uploads/2022/12/research-shows-centralized-exchanges-saw-the-most-visits-this-year-from-americans-koreans-russians.jpg Residents of the United States, South Korea and the Russian Federation have been the most frequent users of centralized exchanges this year, according to a new study. The finding comes after the spectacular crash of FTX, one of the largest such platforms, amid tightening regulations and fewer new users. U.S. Leads by Number of CEX Users, Turkey and Japan Are Also in the Top in Terms of Traffic The U.S., South Korea and Russia together account for 22% of all visits to centralized exchanges (CEX) for cryptocurrencies, according to the 2022-2023 “Global Crypto Industry Overview and Trends” annual report produced by Huobi Research. The estimate is based on data from the top 100 CEXs on active users, trading depth, trading volume, and reliability. With a share exceeding 9%, the United States is the pronounced leader in terms...
Post a Comment
Read more

"Crypto Is Never Coming Back" | History Is Repeating Itself!!

http://img.youtube.com/vi/20b4X0Wefz8/0.jpg https://www.youtube.com/watch?v=20b4X0Wefz8 💰 Get FREE CoinLedger Account Here! ➡️ https://coinledger.io/?fpr=ccv Crypto has been pronounced a failure and the cryptocurrency space has been predicted to go to $0 100's of times across the fear headlines over the years. But it is especially true in crypto bear markets. JOIN Crypto Capital Venture EXCLUSIVE Content ⚡⚡https://cryptocapitalventure.substack.com⚡⚡ 🟩 Bitcoin 4 Year Cycle Prediction - This May Change Your Mind On BTC https://youtu.be/IsKI359lAbQ Get Great Deal On TradingView subscription (the charts I use) USE MY LINK! - https://www.tradingview.com/?aff_id=114269 Follow me on my new Instagram ➡️ https://instagram.com/theofficialccv ⚡ Catch Me On Twitter ⚡ http://twitter.com/cryptorecruitr ⬇How To Stake Your Cardano In Minutes With Crypto Capital Venture!⬇ Stake Your ADA With Ticker: CCV1 ...
Post a Comment
Read more