The underlying technology blockchain is not cryptocurrency. Blockchain is a method of organization and tracking. Lets say if you want to keep track of all medical records, the technology blockchain can do it. It dosen't have to have a currency to make a blockchain. By stating that blockchain can improve financial ledgers is only stating that they would be interested in changing the way that they keep track of their ledgers. It doesn't mean that they support cryptocurrencies in any way. Most cryptocurrencies use blockchain technology. Cryptocurrency and Blockchain are however not the same thing.

Goldman Sachs telling people that cryptocurrency is bad is like Apple CEO telling people that Samsung products are bad. A better analogy would be like Walmart CEO telling people that buying merchandise with Amazon is just a fad and Amazon will eventually go out of business.

To put into perspective the desperation of Goldman Sachs:

• Goldman Sachs market cap = $96 Billion
• Bitcoin market cap = $138 Billion
• Cryptocurrency market cap = $387 Billion