Ex-Counsel of Trump Predicts the Emergence of a New Global Cryptocurrency
The former Goldman Sachs president, Gary Cohn, put forward an opinion in CNBC that in the future Bitcoin will not be the only global asset. We remind you that Cohn left his post at the National Economic Council of the US President Donald Trump a month ago.
"I'm not a big believer in bitcoin," Cohn told CNBC's Bob Pisani in an interview. "I am a believer in blockchain technology."
In addition, he noted that the world's first digital currency will no longer be based on "the cost of mining and the cost of electricity and similar things," most likely implying the very technology of obtaining digital coins.
"It will be a more easily understood cryptocurrency that will probably have some blockchain technology behind it, but it will be much more easily understood how it's created and how it moves and how people can use it," he remarked.
At the same time, Cohn gave a completely neutral answer concerning the question about the launch of services aimed at trading Bitcoin futures in Goldman Sachs:
"Look, they can do whatever they want. They can do whatever's in their shareholders' best interest," Cohn replied.
We want to note that Gary Cohn had been the president and the operational director of Goldman Sachs since 2016, until Donald Trump was elected the president of the USA in 2017. After that, Cohn became the director of the National Economic Council and remained in office until March of this year. Experts believe that the resignation is connected with disagreements with the administration of Trump, especially with the proposed tariff conditions. We remind you of Bill Gates's high-profile announcement aimed at Bitcoin, where he called this cryptocurrency the most speculative thing in the world. Subscribe to The Coin Shark news in Twitter: https://twitter.com/the_coinshark