Goldman Sachs CEO is Latest Wall St Bigwig to Talk Bitcoin
- Unlike JPMorgan's Jamie Dimon who called Bitcoin a 'fraud', Lloyd Blankfein sounds more open to cryptocurrency.
Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term is on the minds of all the big bankers these days, it now seems. Lloyd Blankfein, the CEO of Goldman Sachs, has become the latest figure to share his thoughts on the cryptocurrency.
Learn how to buy Bitcoin and Ethereum safely with our simple guide!
Blankfein tweeted on Tuesday that he is "still thinking about Bitcoin. No conclusion - not endorsing/rejecting. Know that folks also were skeptical when paper money displaced gold."
Still thinking about #Bitcoin. No conclusion - not endorsing/rejecting. Know that folks also were skeptical when paper money displaced gold.
— Lloyd Blankfein (@lloydblankfein) October 3, 2017
This apparent statement of open-mindedness from the CEO was hailed by the cryptocurrency community, which was already excited about the news that the bank is considering launching a dedicated operation for Bitcoin trading.
Jamie Dimon (R) Blankfein (L) (Reuters)
The reason for making the statement is most probably to confirm that report but it could also be seen as a rebuke of JPMorgan CEO Jamie Dimon who called Bitcoin a 'fraud' last month, essentially comparing him to the simple folks who were afraid of past innovations.
Dimon compared the cryptocurrency rally to the tulip mania which rocked Holland in the 17th century when speculators pushed up the prices of virtually worthless tulips only to see it crash. He immediately drew the ire of Bitcoin advocates who accused him of everything from trying to cause a crash to buy BTC at lower prices to trying to trash Bitcoin in order to establish an alternative Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term-based 'JP Morgan Coin.'
Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term is on the minds of all the big bankers these days, it now seems. Lloyd Blankfein, the CEO of Goldman Sachs, has become the latest figure to share his thoughts on the cryptocurrency.
Learn how to buy Bitcoin and Ethereum safely with our simple guide!
Blankfein tweeted on Tuesday that he is "still thinking about Bitcoin. No conclusion - not endorsing/rejecting. Know that folks also were skeptical when paper money displaced gold."
Still thinking about #Bitcoin. No conclusion - not endorsing/rejecting. Know that folks also were skeptical when paper money displaced gold.
— Lloyd Blankfein (@lloydblankfein) October 3, 2017
This apparent statement of open-mindedness from the CEO was hailed by the cryptocurrency community, which was already excited about the news that the bank is considering launching a dedicated operation for Bitcoin trading.
Jamie Dimon (R) Blankfein (L) (Reuters)
The reason for making the statement is most probably to confirm that report but it could also be seen as a rebuke of JPMorgan CEO Jamie Dimon who called Bitcoin a 'fraud' last month, essentially comparing him to the simple folks who were afraid of past innovations.
Dimon compared the cryptocurrency rally to the tulip mania which rocked Holland in the 17th century when speculators pushed up the prices of virtually worthless tulips only to see it crash. He immediately drew the ire of Bitcoin advocates who accused him of everything from trying to cause a crash to buy BTC at lower prices to trying to trash Bitcoin in order to establish an alternative Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term-based 'JP Morgan Coin.'