Lloyd Blankfein, CEO of Goldman Sachs, did not rule out the possibility that the criptocurrency has a future. During a talk at The Economic Club in New York, the banker gave bitcoin an optimistic tone.
Blankfein, convincing the audience of the important changes ahead, explained how the world moved from gold coins to the fiduciary currencies that we have backed by the government today. If so, he argues that we are not far from a complete adoption of criptocurrency by the way things have evolved.
The Evolution of Money
“If you could go through that fiat currency where they say this is worth what it’s worth because I, the government, says it is, why couldn’t you have a consensus currency? It’s Too Arrogant To Say That Bitcoin Will Have No Future,” Lloyd Blankfein said.
Blankfein has been more open than some on Wall Street about bitcoin. In the case of Jamie Dimon, CEO of J.P. Morgan, he underestimated the criptocurrency by calling it “fraud”. On the other hand, however, the company recently released a report indicating that the criptocurrency is here to stay.
Blankfein makes it clear that he does not underestimate her as others do. Goldman Sachs has started a criptocurrencies operating table and recently made its first contract. Experts hope that other banks can follow suit.
Bitcoin (BTC) has often been criticized for being a so-called speculative bubble after reaching a record price of almost $20,000 at the end of 2017 and in just 6 months has fallen below $7,000.
However, many advocates still hope that bitcoin will become a dominant currency. Twitter CEO Jack Dorsey recently said he believes that bitcoin will become the world’s single currency. Apple co-founder Steve Wozniak said in a recent interview that he hopes this will also happen.