On October 3rd, Goldman Sachs (GS) CEO put out the following comment on Twitter about Bitcoin.
Still thinking about#Bitcoin. No conclusion - not endorsing/rejecting. Know that folks also were skeptical when paper money displaced gold. - Lloyd Blankfein (
The statement is in sharp contrast to the position taken by Jamie Dimon of JPMorgan (JPM) who said when speaking at a conference in early September 2017 that "Bitcoin is a fraud that ultimately will blow up."
On October 31st, the CME Group Inc., the world's largest derivative exchange operator, said it would provide a regulated trading venue for the cryptocurrency market and would launch the new derivatives in the fourth quarter of 2017.
Read More Here: https://seekingalpha.com/article/4119466-bitcoin-stay-destined-bust
When the CEOs of the two largest financial institutions in the world take opposing views on a small, controversial change in the financial marketplace, and the CME announces plans to trade derivatives on the cryptocurrency, it is worth some time to investigate what is going on.