Although earlier this month, the bank announced that it would launch a Bitcoin trading platform and Bitcoin-related futures contracts, the plan was destroyed because of its CEO's doubts about Bitcoin.
doubt
At the end of November last year, when Bitcoin’s price reached $10,000, he called Bitcoin a fraudulent tool. At that time, it was reported that the group was exploring a cryptocurrency trading platform. Blankfein denied that the company had a bitcoin strategy and stated that it had a bitcoin strategy. Bitcoin's volatility makes it a poor store of value. If it stops fluctuating by 20% in one day, he says he will reconsider.
Blankfein once said that he is 'open' to Bitcoin, and he will not allow his opinion to influence the company's strategy.
In early November last year, he said that Bitcoin can prove to be the 'next step' of currency evolution. Although he has doubts about Bitcoin, it is the same as when he first encountered a mobile phone. He was also initially skeptical about mobile phones. attitude.
Over the years, Blankfein has learned a lot of things that he does not like. He said that in the future world, people may be more convinced of the unanimous consensus on value, not government decrees. If Bitcoin really has One day becomes mainstream, it is also the result of the natural evolution of currency.
But in mid-November, he also said that he did not like Bitcoin, saying that it may be a bubble.
The Goldman spokesperson also said that most people involved in the Bitcoin business are still skeptical.
Recognize related plans, but there is still uncertainty
Around the 4th of this month, Goldman Sachs announced to the media that it is launching a Bitcoin transaction business. The bank will use its own funds to trade bitcoin futures contracts on behalf of its clients in the coming weeks. This is arguably the first on Wall Street. Bitcoin trading business. At the same time Goldman also said it plans to launch its own Bitcoin futures products for customers.
However, the bank also disclosed in its filing with the US Securities and Exchange Commission on February 26 that if there is a problem with the blockchain agreement, it may hinder the bank’s cryptocurrency and blockchain-related investments and support its customers’ transactions in Bitcoin futures. s plan.
However, Bitcoin is just one of the many uncertainties facing the bank in the future.
The "New York Times" reported that its M & A consulting revenue is much lower than before the financial crisis, while the scale of consumer and investment banking business is not enough to make up for the gap.
Since then, the bank has pushed its investment banking business to medium-sized cities and expanded the scope of its online loans and large corporate currency and commodity trading services.