Bitcoin is a vehicle for fraudsters, warns Goldman Sachs boss
The boss of Goldman Sachs became the latest high-profile critic of bitcoin, claiming it was a vehicle to commit fraud as the value of the cryptocurrency plunged 20% in less than 24 hours.
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.”
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LOL. Look who is talking.
ICOs and cryptocurrencyies are quickly penetrating the traditional financial markets no matter whether Walls Street is willing to accept it or not.