Goldman Sachs: Bitcoin Volatility Means Hands-Off ‘Today’ And ‘For Lifetime’

“Not today” and “not in our lifetime” are two ‘deadlines’ for Goldman Sachs to deal with Bitcoin, according to CEO Lloyd Blankfein and Michael Bloomberg.

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.

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