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

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

UPDATE: '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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