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Blankfein: Goldman does not need a bitcoin strategy

'A vehicle to perpetrate fraud' - the Goldman Sachs CEO is not interested in cryptocurrency bitcoin

Blankfein: Goldman does not need a bitcoin strategy
Photo: Getty Images

The chief executive of Goldman Sachs has stated that the bank does not need a bitcoin strategy as he remains unconvinced about the use of the cryptocurrency.

Speaking on Bloomberg television today, Lloyd Blankfein said he had little interest in the digital currency, which overnight was subject to 20% price swings due to a technical glitch.

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