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 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.

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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.”

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-based ‘JP Morgan Coin.’

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