Blankfein: Volatility Killed The Cat
Speaking in a joint interview on Bloomberg’s TV network, the two veteran economic voices said that in view of Bitcoin’s continued volatility, the virtual currency first needs to calm down.
“Have to have [a Bitcoin strategy]? Not today,” Blankfein replied on the topic.
…Something that moves up and down 20 percent in a day doesn’t feel like a currency, doesn’t feel like a store of value. If it works out – and it gets more established, and it trades more like a store of value, and it doesn’t move up and down 20 percent, and there is liquidity to it – we’ll get to it.