Tag Archives: Goldman Sachs

Goldman Sachs Admits Bitcoin is Real Money, Cites Use Cases in Developing World

Goldman Sachs Admits Bitcoin is Real Money, Cites Use Cases in Developing World

White shoe investment bank Goldman Sachs has admitted that Bitcoin and other digital currencies could succeed as real money in developing economies. Goldman strategists wrote in a recent report: “In recent decades the U.S. dollar has served its purpose relatively well. [But] in those countries and corners of the financial system where the traditional services of […]

Citigroup CEO: Bitcoin Threat Will Give Rise to State Cryptocurrencies

Citigroup CEO: Bitcoin Threat Will Give Rise to State Cryptocurrencies

Citigroup CEO Michael Corbat has predicted that state-sponsored digital currencies will arise from the threat posed by bitcoin. In an interview with Bloomberg at a summit in New York yesterday, Corbat said that cryptocurrencies represent a “real enough threat” to the financial system, and that governments wont take the disruption of their capabilities around data, tax collection, […]