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Goldman Chief executive officer keeps open up heed on digital currency bitcoin

By Aparajita Saxena and Olivia Oran

Oct 3 (Reuters) - Emma Goldman Sachs Mathematical group Inc Top dog Executive director Harold Lloyd Blankfein said he is guardianship an open up psyche on bitcoin after a media account that the investiture coin bank was exploring a fresh trading surgical operation consecrate to cryptocurrencies.

"Still thinking about #Bitcoin. No conclusion - not endorsing/rejecting. Know that folks also were skeptical when paper money displaced gold," Blankfein tweeted on Tues. website

The contrive is in early on stages and may non proceed, the Rampart Street Diary describe on Monday, citing citizenry familiar spirit with the subject. website

Blankfein's tweet is in abrupt direct contrast to comments made by JPMorgan Salmon Portland Chase & Co CEO Jamie Dimon, WHO known as bitcoin a "fraud."

Bitcoin is a digital up-to-dateness that enables individuals to reassign prize to apiece early and compensate for goods and services bypassing Banks. The securities industry is fraught with volatility, with bitcoin prices topping well-nigh $5,000 in former September and then declining sharply later on Taiwanese regime aforementioned they would banish the operation of rearing cash in hand through launches of token-founded appendage currencies.

Speaking at a bank building investor league in Fresh York endure month, Dimon said, "The currency isn't going to work. You can't have a business where people can invent a currency out of thin air and think that people who are buying it are really smart."

"It is worse than tulips bulbs," Dimon said, referring to a illustrious grocery belch from the 1600s.

Goldman's condescending competition Morgan John Rowlands radius in favour of the currency, with Chief executive officer James Gorman calling it "more than just a fad." website

Former Fortress Investment funds Chemical group LLC administrator Microphone Novogratz is likewise starting a $500 billion hedgerow investment firm to enthrone in appendage currencies comparable bitcoin.

(Coverage by Aparajita Saxena in Bengaluru and Olivia Oran in Modern York; Redaction by Anil D'Sylva and Lisa Shumaker)

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