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Cohn Downplays Bitcoin Risks

  • Cryptocurrency’s rise not a serious risk, Trump adviser says
  • Officials watching for effects of new futures contracts
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Gary Cohn discusses how the White House views bitcoin with Bloomberg’s Jonathan Ferro.(Source: Bloomberg)

White House economic adviser Gary Cohn said he and other administration officials are monitoring the meteoric rise in cryptocurrency bitcoin, while adding that he didn’t see any serious threat in the phenomenon.

“We’re watching it, of course we’re watching it,” Cohn, the former president of Goldman Sachs Group Inc., said Friday in an interview on Bloomberg Television. “Right now we don’t think it’s a serious risk, but right now we’re watching it.”