Pular para o conteúdo principal

Former Goldman Sachs CEO: If I Were a Regulator, I'd Be Hyperventilating at the Success of Bitcoin – Regulation Bitcoin News

Former Goldman Sachs CEO Lloyd Blankfein has offered his view on the future of bitcoin. He said if he were a regulator, he would be “hyperventilating” at the success of bitcoin right now and he would be arming himself to deal with it.

Former Goldman Sachs CEO Lloyd Blankfein discussed bitcoin on CNBC Monday. He was asked about how he sees the future of bitcoin and other cryptocurrencies considering that BTC appears to be going mainstream as big firms are now getting involved.

“It could work,” Blankfein admitted. He then explained that “at the end of the day, currency is supposed to accomplish a couple of things. It’s supposed to be a medium of exchange and a store of value.”

He described bitcoin as “a store of value that can move 10% in a day, that if you lose the code or you lose the slip of paper, it’s lost forever, or if somebody takes it from you, how will you know. So the store of value element is a little bit tough.” As for the prospect of bitcoin being a medium of exchange, he asserted: “here’s a problem, you don’t know whether or not you’re paying the North Koreans or Al Qaeda or the Revolutionary Guard.”

Nonetheless, he said: “At the end of the day, if it ever got big enough to be substantial and a real medium of exchange, how could the regulators so focused as they are on anti-money laundering” not step in and do something about it. He believes that there are good reasons for monitoring who is getting paid in the financial system. “Going back to 9/11, we found out that following the money is the way you can anticipate and maybe prevent certain crimes and of course everybody talks about the illicit use of bitcoin,” the former Goldman Sachs CEO opined.

In conclusion, Blankfein reiterated that “like a lot of things, this could be workable but it will undermine the freedom and liberty and kind of lack of transparency that people like about it in the first place so that’s the conundrum that bitcoin will have to deal itself out.” The ex-Goldman Sachs CEO elaborated:

If I were a regulator, I would be kind of hyperventilating at the success of it at the moment and I’d be arming myself to deal with it.

What do you think about Lloyd Blankfein’s view on bitcoin? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Spot-markets for Bitcoin, Bitcoin Cash, Ripple, Litecoin and more. Start your trading here.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Comentários

Postar um comentário

Postagens mais visitadas deste blog

St Marche: a história da improvável rede de supermercados que fatura R$ 800 milhões

A história de Bernardo Ouro Preto e Victor Leal, que também trouxeram o Eataly para o Brasil, é tema do episódio do podcast Do Zero ao Topo SÃO PAULO – Sem qualquer experiência no varejo, dois executivos resolveram criar uma rede de supermercados voltada para a classe A em 2002. A ideia foi desencorajada por todos os banqueiros e executivos com MBAs de universidades Ivy League que a dupla conhecia. Mas Bernardo Ouro Preto e Victor Leal resolveram seguir em frente. Contrariando probabilidades, o St Marché é hoje uma rede com 20 lojas e que faturou cerca de R$ 800 milhões em 2020. “As ideias inovadoras que a gente teve na época foram rebatidas pelas pessoas que conhecem o business. Aí a gente tomou a decisão de que iríamos inovar e, para fazer isso, contratamos só gente que não vinha desse business”, contou Bernardo Ouro Preto, fundador e CEO da companhia em entrevista ao podcast Do Zero ao Topo . As 10 melhores corretoras para investir em ações, segundo a Proteste Curso gratuito: como v...
Postar um comentário
Leia mais

IPCA-15 sobe 0,78% em janeiro, maior resultado para um mês de janeiro desde 2016, mas levemente abaixo do esperado

A expectativa do mercado, segundo estimativa média da Refinitiv, era de alta de 0,81% na comparação com dezembro O Índice Nacional de Preços ao Consumidor Amplo 15 (IPCA-15), a prévia da inflação oficial, ficou em 0,78% em janeiro, após registrar 1,06% em dezembro de 2020. Esse é o maior resultado para um mês de janeiro desde 2016, quando o índice foi de 0,92%. Em 12 meses, o IPCA-15 acumula alta de 4,30%, acima dos 4,23% registrados nos 12 meses imediatamente anteriores. Em janeiro de 2020, a taxa foi de 0,71%. Os dados foram divulgados hoje (26) pelo IBGE. A expectativa do mercado, segundo estimativa média da Refinitiv, era de alta de 0,81% na comparação com dezembro e de 4,33% na comparação anual. As 10 melhores corretoras para investir em ações, segundo a Proteste Curso gratuito: como viver de Bolsa operando apenas 1 hora por dia Como investir em ações: passo a passo para quem está começando A energia elétrica, que passou de uma alta de 4,08% em dezembro para 3,14% em janeiro, foi ...
Postar um comentário
Leia mais

Crypto Exchange Giant Coinbase to Sell Shares Privately Ahead of Public Offering – Bitcoin News

According to a recent report, the San Francisco-based cryptocurrency exchange Coinbase is purportedly planning to sell stock on Nasdaq’s private market ahead of the initial public offering (IPO). Coinbase reportedly notified shareholders that they will receive information pertaining to the private sale this week. Coinbase is the biggest digital currency exchange in the United States and one of the largest trading platforms worldwide. At the time of publication, between BTC and ETH deposits, Coinbase holds over $40 billion in digital assets under management (AUM) according to Bituniverse exchange balance ranks. As far as other digital assets under management the San Francisco exchange recently noted it holds $90 billion AUM in cryptocurrencies. In mid-December, Coinbase announced the confidential filing of an S-1 initial public offering with the U.S. Securities and Exchange Commission. On Friday, the financial columnist from The Block, Frank Chaparro, reported that Coinbase will s...
Postar um comentário
Leia mais