Topic: [2017-11-13] Goldman Sachs CEO: Bitcoin has bubble features (Read 3345 times)
The CEO really seems to be in 2 minds. He says he would not be surprised if it is successful and he also says that it has bubble features. We have to just wait and see if Goldman sets up a crypto desk. If it does, we will know what he really is thinking.
This statement largely corresponded to reality. A paradoxical situation was created. The rise in the cost of bitcoin created an overwhelming demand for it, which again led to its growth. In fact, the bubble was inflating. Limiting the growth of bitcoin and increasing the cost of its clones will positively affect the image of the crypto currency in general and increase its survivability.
In his recent interview to CNBC, the current chief executive of Goldman Sachs has provided a detailed description of his personal views on Bitcoin. Quite naturally, he does not consider Bitcoin his safe haven and implies it has some properties of a bubble. The media previously reported that Goldman Sachs might open a Bitcoin trading desk, and when asked about this, Mr. Blankfein simply stated “it hasn’t crossed my desk to set up a Bitcoin trading desk”.
As it has quickly became obvious, just because the CEO of Goldman Sachs told Bitcoin has some bubble features does not mean he thinks it’s not worth trying out. “There are a lot of things that work really, really well today, and I thought they were stupid and wrong.” One of such things were cellphones, as...Read more
As it has quickly became obvious, just because the CEO of Goldman Sachs told Bitcoin has some bubble features does not mean he thinks it’s not worth trying out. “There are a lot of things that work really, really well today, and I thought they were stupid and wrong.” One of such things were cellphones, as...Read more
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