Goldman Sachs CEO Lloyd Blankfein looks at bitcoin bubble and the cryptocurrency craze in general with a degree of skepticism. In an interview Thursday, he expressed bemusement with the concept, which is based on blockchain technology. There are reservations about the technology’s underpinnings expressed in a white paper from a French academic. All else equal, however, the uses for blockchain technology are likely to expand significantly past cryptocurrencies. [dalio] Goldman chief skeptical on bitcoin bubble after analyst predicts move to $7,900 Just days after a Goldman Sachs analyst said bitcoin is likely headed over $7,900, Blankfein expressed reservations. “I don’t…
As Goldman's Blankfein Questions Bitcoin, Additional Uses For Blockchain Reviewed
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.