Blankfein Says It’s Too Soon for a Bitcoin Strategy
- Goldman Sachs CEO says ‘we’ll get to it’ when bitcoin matures
- Blankfein also says firm could name co-CEOs to replace him
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Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein said it’s too early for his bank to need a bitcoin strategy and that he doesn’t consider the digital currency to be a store of value.
“Something that moves up and down 20 percent in a day doesn’t feel like a currency, doesn’t feel like a store of value,” Blankfein said Thursday in an interview on Bloomberg Television. “If it works out -- and it gets more established, and it trades more like a store of value, and it doesn’t move up and down 20 percent, and there is liquidity to it -- we’ll get to it.”