Goldman Sachs CEO on Bitcoin
I just saw an article in the Guardian (https://www.theguardian.com/business/2017/nov/30/bitcoin-is-a-vehicle-for-fraudsters-warns-goldman-sachs-boss) where it states that Goldman Sachs CEO Lloyd Blankfein says, after a 20% dive in prices that bitcoin is a vehicle to commit fraud.
"Lloyd Blankfein, chief executive of the US investment bank, said: “Something that moves 20% [overnight] does not feel like a currency. It is a vehicle to perpetrate fraud.”"
Which is OK if that is his opinion, he is entitled to it, but I remembered having read something else and I came up with this headline on CNBC.com:
"Goldman Sachs exploring bitcoin trading operation
Goldman Sachs is looking into a new operation for trading bitcoin and other digital currencies.
"In response to client interest in digital currencies, we are exploring how best to serve them in this space," a Goldman spokeswoman said.
Unlike JPMorgan Chase CEO Jamie Dimon, who called bitcoin a "fraud," Goldman's technical strategist has published analyses on bitcoin's price."
So the conclusion I can come up with is bankers will say anything they want and don't take anything they say too seriously, they "surprisingly" don't actually have your interests at heart.
they don't understand Bitcoin (or crypto in general). They can't control it. It confuses and scares them.
Oh, I think they understand it, what they want is to control it. Crypot makes it possible for ordinary people to live independent lives, banks don't want that.
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' I have your vehicle for fraud right here !" grabs crotch