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Goldman’s Blankfein keeps capable intellect on Bitcoin

October 3 (Reuters) – Goldman Sachs Honcho Executive Lloyd Blankfein is retention an undetermined heed on bitcoins.

«Still thinking about #Bitcoin. No conclusion – not endorsing/rejecting. Know that folks also were skeptical when paper money displaced gold,» Blankfein tweeted on Tuesday. website

His squeeze follows a Rampart Street Journal account on Monday that the investment funds rely was exploring a fresh trading mathematical process consecrated to bitcoin and other cryptocurrencies in answer to node occupy. website

The program was in other stages and may not proceed, the account added, citing people conversant with the matter,

Blankfein’s nip is in acuate demarcation to comments made by JPMorgan’s Chief operating officer Jamie Dimon, who named bitcoin a «fraud».

Speaking at a savings bank investor league in Raw House of York survive month, Dimon said, «The currency isn’t going to work. You can’t have a business where people can invent a currency out of thin air and think that people who are buying it are really smart.»

«It is worse than tulips bulbs,» Dimon said, referring to a renowned grocery store burp from the 1600s.

Goldman’s patronising rival John Pierpont Morgan Stanley rundle in favour of the currency, calling it «more than just a fad», FT reported utmost invertircripto.com calendar week. web site (Coverage By Aparajita Saxena in Bengaluru; Redaction by Indigotin D’Silva)

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