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Ex-Goldman CEO Lloyd Blankfein says ‘crypto is happening’ despite plunge in digital assets

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Lloyd Blankfein (chairman and chief executive officer at Goldman Sachs Group)

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Anterior Goldman SachsLloyd Blankfein was the CEO and chairman of cryptocurrency. He stated that his perspective on cryptocurrencies had changed after digital assets attracted billions of dollars and a rapidly expanding ecosystem.

Blankfein, a former banker, was asked Monday by Andrew Ross Sorkin, CNBC, for his opinion on cryptocurrency. skepticismIn the past.

Blankfein stated, “Look, it’s evolving.” Blankfein said, “I cannot forecast the future. But I believe it’s important to be capable of predicting the present. “I can’t predict the future, but I think it’s a big thing to be able to predict the present.

Blankfein said that “happening” refers to the fact that cryptocurrency’s ecosystem has improved over the past year. Blockchain-based cryptocurrencies are selling off for weeksAs the expectation of higher interest rates hitting riskier assets.

He stated that while it had lost much of its value, the company is now contributing billions of dollars in value to the entire ecosystem. Blockchain offers the benefit of immediate transfer and a reduction in credit risk.

Blankfein stated, “I might be skeptical but I’m also pragmatic.” And guess what? “I would definitely want an oar in the water.”

This is a developing story. Stay tuned for new updates.

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