Goldman Sachs' boss: cryptocurrency is a vehicle for fraudsters

By in

Goldman Sachs President Lloyd Blankfein feels strongly about bitcoin after its value has been fluctuating more than ever, as much as 20% each day; he stated that banks won’t deal with it until it becomes more stable.

The CEO of Goldman Sachs has turned into the most recent prominent commentator of bitcoin, guaranteeing it as a vehicle solely for fraud activities as the value of the cryptocurrency dropped 20% in under 24 hours.

Lloyd Blankfein stated: ‘Something that moves 20% overnight cannot be considered a currency. It is a vehicle to execute fraud’.