On Tuesday, Goldman Sachs Chief Executive Lloyd Blankfein tweeted that he is keeping an eye on bitcoin, writing, “No conclusion – not endorsing/rejecting. Know that folks also were skeptical when paper money displaced gold.” The tweet follows a report from the Wall Street Journal that Goldman is exploring trading operations dedicated to bitcoin due to a rise in client interest. Meanwhile, JPMorgan CEO Jamie Dimon has called bitcoin “a fraud,” saying last month, “The currency isn’t going to work. You can’t have a business where people can invent a currency out of thin air and think that people who are buying it are really smart.”

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Published on Oct 3, 2017

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