Lloyd Blankfein does not support arrogant Bitcoin critics

Recently talking about Bitcoin, Lloyd Blankfein, Goldman Sach leader and one of the most influential finance figures of today implied he did not exclude the scenario of cryptocurrencies becoming more popular. This is evidenced from the following words:

“If you could go through that fiat currency where they say this is worth what it's worth because I, the government, says it is, why couldn't you have a consensus currency? <...> If it does work out, I could give you the historical path why that could have happened.”

He has also told that he does not have any Bitcoin possessions, as well as his company. The approach of conservatives towards Bitcoin is not something that Blankfein shares:

“I'm not in this school of saying... because it's uncomfortable with me, because it's unfamiliar, this can't happen, that's too arrogant.”

One of the most strict critics of Bitcoin is Berkshire Hathaway investment fund chair Warren Buffett, who called Bitcoin a rat poison squared. He himself later told that it would be hard to find anyone more negative towards this digital currency.

Lloyd Blankfein stated almost the same last year, telling he already was wrong about mobile phones usability. Continuing this analogy, the modern crypto market can be compared with the days of the first “brick” cell phones.

Image: Rebecca Cook / Reuters