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Former Goldman Sachs CEO Flames Bitcoin In Recent Interview, Says Regulators Will Shut It Down

Emily Mason

Summary: Former Goldman Sachs CEO Lloyd Blankfein disputed the argument that Bitcoin is a strong store-of-value investment or medium of exchange in a recent interview with CNBC. Blankfein added that if Bitcoin becomes widely popular the regulators would likely shut it down. The finance executive asserted that Bitcoin users have no way of knowing if enemy states ...

Former Goldman Sachs CEO Lloyd Blankfein disputed the argument that Bitcoin is a strong store-of-value investment or medium of exchange in a recent interview with CNBC.

Blankfein added that if Bitcoin becomes widely popular the regulators would likely shut it down. The finance executive asserted that Bitcoin users have no way of knowing if enemy states like North Korea and Iran are counter-parties to their transactions.

"If I were a regulator, I'd be, you know, I would be kind of hyperventilating at the success of [bitcoin] at the moment and I'd be arming myself to deal with it," Blankfein said.

By Emily Mason

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Tags: Bitcoin,BTC,Goldman Sachs
Link: Former Goldman Sachs CEO Flames Bitcoin In Recent Interview, Says Regulators Will Shut It Down [Copy]

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