Asset Management

Lloyd Blankfein explains why he won’t ‘pooh-pooh’ bitcoin

The Goldman Sachs CEO does not share his Wall Street counterpart Jamie Dimon's fears on the cryptocurrency

Lloyd Blankfein explains why he won’t ‘pooh-pooh’ bitcoin

Lloyd Blankfein is not entirely comfortable with bitcoin — which this week hit a record high —but the Goldman Sachs chief has stopped well short of echoing his JPMorgan counterpart's fears around the cryptocurrency.

Speaking on Bloomberg TV on Thursday, Blankfein said he has "a level of discomfort with [bitcoin], as I have a level of discomfort with anything that is new".

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