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& # 39; Im Open & # 39; in Bitcoin: Goldman Sachs CEO Lloyd Blankfein

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Goldman Sachs CEO Lloyd Blankfein is not at comfortable with bitcoin, but he says that he understands may finally turn out to be the next step in the evolution of money

The Director of Investment Banking, who last month used a rare tweet to assert that he "was thinking of bitcoin" but had not formulated a definitive opinion, shared his opinion. updated reflections on cryptocurrency in an interview with Bloomberg at the Sustainable Finance Innovation Forum of the New York Business Bank.

He stated that the thought of bitcoin gave him a "level of discomfort" but admitted that he had felt the same level of skepticism when he first encountered the cell phone times:

"I have a level discomfort with [bitcoin] because I have a level of discomfort with all that is new," he said. . "But I've learned over the years that there are a lot of things that work pretty well that I do not like."

A self-proclaimed history fan, Blankfein reflected that the evolution of money has taken ways that many people from earlier eras might not have planned. "Maybe in the new world, something comes back by consensus." Instead of a government fiat, it may be a consensual arrangement from people who recognize that it is worthwhile to do something, "he said.

Therefore, Blankfein does not intend to let its personal discomfort hinder a potentially disruptive technology. It may be why Goldman Sachs is planning to launch a bitcoin trading operation while JPMorgan CEO Jamie Dimon publicly threatens to lay off "stupid" employees who Engage in bitcoin trading.

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Blankfein added that, if bitcoin were to become generalized, he would be able to explain how he fits into the historical narrative of monetary philosophy. "If we went into the future and bitcoins were successful, I would be able to explain how it was a natural evolution of hard money," he said.

"Maybe in 200 years, even someone like me might be comfortable with that, but for now, I'm telling you: I do not have investment, but I'm not ready to poop and that's why I say I'm open to that, "concluded Blankfein

Featured image from YouTube / Bloomberg.