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Home>'Fraud' or the future? How bitcoin is being described by billionaires and Wall Street CEOs

'Fraud' or the future? How bitcoin is being described by billionaires and Wall Street CEOs

'Fraud' or the future? How bitcoin is being described by billionaires and Wall Street CEOs

10/06/2017

By Jessica Marmor Shaw, Shawn Langlois and Mark DeCambre, MarketWatch

Cryptocurrencies have become the hottest of hot topics -- it seems not a day goes by without some Wall Street VIP or financial luminary proclaiming their stance.

Is bitcoin a "fraud" or the future? Are ICOs just a scam? Depends whom you ask. One thing's for sure, there's no shortage of opinions.

Here's what some of the financial-world heavyweights have had to say lately.

Goldman Sachs(GS) CEO Lloyd Blankfein:

In a tweet on Oct. 3, Blankfein appeared to signal that the jury is still out on bitcoin (http://www.marketwatch.com/story/bitcoins-rise-may-be-like-when-paper-money-displaced-gold-says-goldmans-ceo-2017-10-03), but also cautioned skeptics to consider that the rise of paper money over gold might also have fostered similar doubts from market stalwarts.

Here's the substance of his tweet: "Still thinking about #Bitcoin. No conclusion-not endorsing/rejecting. know that folks also were skeptical when paper money displaced gold."

(https://twitter.com/lloydblankfein/status/915277671831044098)

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