‘Maybe bitcoin is a kind of a bubble,’ Goldman Sachs CEO Blankfein says

'Maybe bitcoin is a kind of bubble,' Goldman Sachs CEO Blankfein says

  • Bitcoin has gained a lot of fans recently, but Goldman Sachs CEO Lloyd Blankfein is not one of them.
  • In an interview with CNBC’s Kayla Tausche, he said that “maybe bitcoin is a kind of a bubble,” adding: “I don’t like it.
  • Blankfein’s reason for not trusting the cryptocurrency is simple, he said: “I’m kind of an old dog to be absorbing that kind of a new trick.”
  • Bitcoin has soared more than 600 percent this year.
  • On Thursday, the cryptocurrency traded down 3.9 percent at $7,172.80, but remained near a record high.

Blankfein’s reason for not trusting the cryptocurrency is simple, he said: “I’m kind of an old dog to be absorbing that kind of a new trick.”
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