The time has come, even the big banks are admitting that cryptos will not disappear and are seeing the benefits of it.
The ‘old school’ benches that always rule the day are about. Lloyd Blankfein, a former Goldman Sachs CEO who is now the company’s senior chairman, says his view of cryptocurrency is evolving. “I look at the crypto and it happens,” he added.
Banks and cryptos
Blankfein is someone of great power. He was chairman and CEO from 2006 to September 2018 by Goldman Sachs and remained chairman until December 2018. He is now senior chairman of the Goldman Sachs Group. He was asked if his view of cryptocurrency has changed given the current market conditions and traditional banks are starting to offer crypto services. This includes trade and storage.
The Goldman CEO replied: Look, my view of it is evolving… I can’t predict the future, but I think it’s important to be able to predict the present, like, ‘What’s happening?’ And I look at the crypto, and it happened. He further clarified: “As a pragmatist and someone who is not only skeptical of the market, but also skeptical of my own views, I try to come on board and recognize that I don’t know everything. Strange things, things that I think are strange, really happen.”
crypto market
The markets have fallen significantly in recent times. But that is also the case in the stock market, if not so dramatically. But according to the former CEO, entire ecosystems are growing around the digital market. Which brings many benefits and opportunities to earn money. He also sees the benefits of instant transfers and credit risk reduction and all the benefits of blockchain.
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