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Blankfein: bitcoin is like when ‘paper money displaced gold’

Bitcoin is up about 350% so far in 2017, and that has earned Wall Street’s attention

Blankfein: bitcoin is like when ‘paper money displaced gold’

Goldman Sachs CEO Lloyd Blankfein is weighing in on the biggest debate raging on Wall Street: the prospect for the burgeoning market for digital currencies, MarketWatch reports.

In a tweet, the prominent Wall Street executive and former trader appeared to signal that the jury is still out on bitcoin, but also cautioned skeptics to consider that the rise of paper money over gold might also have fostered similar doubts from market stalwarts.

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