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Lloyd Blankfein talks about the future of cryptocurrency

Lloyd Blankfein talks about the future of cryptocurrency

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Answer Lloyd Blankfein talks about the future of cryptocurrency

Lloyd Blankfein, CEO of Goldman Sachs, has not denied the future Cryptocurrency During his speech at the Economic Banking Club in New York, he talked about Bitcoin optimistically.

Blankfein convinced the public of the important changes to come, explaining how the world moved from gold coins to the credit coins that are currently backed by the government and because of this he doesn’t see that we are far from adopting digital currencies.

“If paper currencies have a fixed price that the government says, why can’t there be a single currency?” Blankfein said. It is arrogant to say that there is no future for Bitcoin.”

Blankfein talks about Bitcoin More openly than his colleagues on Wall Street, in this case Jimmy Dimon, CEO of JP Morgan, downplayed the value of cryptocurrencies and believed they were fraud, but on the other hand, the company issued a report that said cryptocurrencies are here to stay.

Read:A digital currency based on Ethereum increased by 400% in a week … Know it

Blankfein made it clear that he’s not as undervaluing as the rest, and Goldman Sachs has launched a cryptocurrency exchange and signed its first contract, and experts hope other banks will follow.

Criticize Bitcoin Before and it was called the “bubble” when it reached the price of 20,000 dollars at the end of 2017 and within 6 months it reached 7,000 dollars!

Read:Cryptocurrency market cap drops below $900 billion for the first time since January 2021

However, many of his supporters hope that Bitcoin will be the dominant currency, with Twitter CEO Jack Dorsey recently saying that he believes that Bitcoin will be the dominant currency. Bitcoin He would become the world’s single currency as well as Apple co-founder Steve Wozniak.


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