Know that people also were of two mindswhen paper money displaced gold," Goldman Sachs CEO, Blankfein observe on Tuesday
His tweet follows a Wall Street Journal post that the investment bank was studying a new investment operation dedicated to bitcoin and other cryptocurrencies in response to customers demand
The plan was in early stages and may not proceed, the article added, citing sources familiar with the matter.
Blankfein’ declaration is in full contrast to comments made by JPMorgan’s CEO, Jamie Dimon, who named bitcoin a "fraud".
Speaking at a bank investor conference in New York last 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 stated, referring to a mythical fiancial bubble from the 1600s.