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Goldman's CEO sees Bitcoin in the "New World"

Goldman Sachs, as a company, has gone through a whole series of emotions regarding Bitcoin . They are now slowly around him and therefore CEO Lloyd Blankfein can see him as a New World currency.

Blankfein admits that he has not yet invested in the controversial Wall Street digital currency; However, he is not ready to light it or poop it. Instead, Blankfein likes the idea of ​​a currency backed by consensus.

Makes a lot of sense

Blankfein, while looking at the history of currencies, made an interesting observation of what has been, what is the current currency situation, and why Bitcoin could it work in the future – in a new world

"I read a lot of history, and I know that there was once a piece that was worth $ 5 if there was 5 dollars in gold, "said Blankfein in an interview with Bloomberg. "Now we have a paper that is just supported by fiat … Maybe in the new world, something is supported by consensus."

Blankfein, perhaps inadvertently, points out how the current situation of paper money does not make much sense. Having paper money that is simply supported by fiat and governments and other centralized rock authorities is not an ideal situation

So it makes sense to have a currency that is supported only by an agreement of its price – consensus. Bitcoin is uniquely positioned as an underlying technology and its position in the market makes it the perfect currency backed by consensus.

There is a New World Revolution taking place in many sectors of society. monetary ecosystem, Bitcoin is a disruptive force. Blockchain technology expands its influence, but Bitcoin ravages the established order of things

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"People were skeptical about paper money"

Despite the Blankfein and Goldman paper money & # Bread, it seems that the CEO has a lot of reservations about it. He has already said, in a tweet, that paper money was once considered with the same suspicion.

The open-minded CEO may take a cautious approach towards Bitcoin, but it is clear that he is looking for something new. revolutionary. Many are in a similar situation

"I've learned over the years that there are a lot of things that work pretty well and that I do not like," concluded the CEO.