• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Trump Linked Firm Trims Stake in Major Crypto Venture, Big Sell-Off Ahead?
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Trump Linked Firm Trims Stake in Major Crypto Venture, Big Sell-Off Ahead?
Crypto Goldman Sachs

Why The Former CEO Of Goldman Sachs Lloyd Blankfein Said “Crypto Is Happening”

Reynaldo Marquez
by Reynaldo Marquez
3 years ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The crypto market has seen sustained bloodshed in the past week, as Bitcoin and other cryptocurrencies drop into 2021 lows. The sector seems correlated with the U.S. Stock Market which has also been trending to the downside as investors prepared for a potential hike in interest rates.

Related Reading | Russia’s Central Bank to Ban on Crypto Mining and Trading

Former Goldman Sachs CEO and Chairman Lloyd Blankfein recently talked about the economic outlook for 2022, the growing tensions between the U.S. and Russia over Ukraine, and its potential effect on the market, inflation, and crypto. On the latter, like other big bank executives, he seems more optimistic.

A former skeptical on crypto and its potential, Blankfein said for CNBC’s Squawk Box that his view on digital assets has “evolved”. In that sense, he referred to the early days of the internet when some products were starting to integrate with this nascent technology and experienced their own wave of skepticism:

I remember when, a couple of decades ago, maybe thirty years ago, they were auctioning off bandwidth for cellphones and I thinking to myself, “Why would anybody want to carry around a phone? (…)”. But guess what? That worked. I can’t predict the future, but I can predict the present, like what is happening, and I look at crypto and it is happening (…).

The former Goldman Sachs executive claimed he is unable to shift his “intellectual position” on digital assets, but from a more “pragmatic” stance, he is able to acknowledge this industry’s capacity to create value. Blankfein added:

Now it has lost a lot of value, but it is (crypto) at the point where there are trillions of dollars of value contributing into it and there are whole ecosystems are growing around it. And of course, we have the benefits of instantaneous transfers, reduction of credit risk, and all the benefits of blockchains.

Will Bears Continue To Assault The Crypto Industry?

Blankfein emphasized that he remains skeptical about the crypto industry, but the aforementioned items make him “want to have” a bet on it. In the short term, the industry could maintain its correlation with the traditional market.

In that sense, Bitcoin’s price performance will be key in determining the immediate future of cryptocurrencies. As of now, BTC has jumped back from the lows at $33,000 and could see some relief during the following week.

The U.S. FED is set to hold its Federal Open Market Committee (FOMC) meeting on Wednesday. This date will be key for investors to measure the institution’s intentions about interest rates. A hawkish FED could trigger a fresh selloff across global markets.

Related Reading | Data Shows Strong Correlation Between Bitfinex Reserve & Bitcoin Price During Crash To $35k

As of press time, the crypto total market cap stands at $1.62 trillion with a 2.26% loss in the 4-hour chart, as seen below.

crypto market goldman sachs
Crypto market cap trends to the downside in the 4-hour chart. Source: Tradingview
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Reynaldo Marquez

Reynaldo Marquez

Follow

As an editor at NewsBTC, Reynaldo is an experienced journalist passionate about all things crypto. Reynaldo has interviewed key industry leaders, and created unique pieces analyzing the promise of crypto as the next frontier for an economic and social transformation of humanity. Since 2018, he has been at the forefront of the industry, closely following every major development and analyzing critical events at the heart of the crypto industry. With a keen eye for detail and an unwavering commitment to excellence, Reynaldo has been instrumental in bringing the latest news and insights to the crypto community. Outside of work, Reynaldo enjoys lifting weights and literature, which he believes gives him a unique perspective into the world of crypto. As an aspiring trader, he is always looking for new opportunities to explore and believes that crypto holds the key to unlocking the future of finance.

Full Profile

Related Posts

crypto

French Crypto User Assaulted Over Ledger Wallet In Shocking Attack

31 minutes ago
Best New Crypto to 1000x as XRP and Dogecoin ETFs May Launch Soon

Best Crypto to Soar 1000x as Dogecoin, XRP, and Solana ETFs May Go Live Soon

9 hours ago
Arizona Senate Revives Failed Bitcoin Reserve Bill For Seized Crypto Assets

Arizona Senate Revives Failed Bitcoin Reserve Bill For Seized Crypto Assets

10 hours ago
Bitcoin Hyper Presale Heats Up Ahead of Fed Rate Cut

Bitcoin Hyper Presale Heats Up Ahead of Fed Rate Cut

11 hours ago
Best Altcoins to Buy After Coinbase Gets MiCA License in the EU

Best Altcoins to Buy After Coinbase Gets MiCA License in the EU

11 hours ago
Blockchain

Blockchain Powerhouse Pours $10M Into XRP And 4 Other Crypto Stars

13 hours ago
Please login to join discussion

Premium Sponsors

Press Releases

  • Bitget Partners with MotoGP for a High-Speed Collision of...

    3 hours ago
  • The truth behind the XRP plunge! ETHRANSACTION’s...

    6 hours ago
  • Cloud Mining

    Top 10 Cloud Mining Companies for Bitcoin in 2025 –...

    9 hours ago
  • Aster launches Hidden Orders: Invisible orders, visible...

    10 hours ago
  • Keep up with the SOL ecological trend, OPTO Miner cloud...

    17 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.