Ex-Goldman Sachs President: We Will Have A Global Cryptocurrency, But It Won’t Be Bitcoin
Former Goldman Sachs President Gary Cohn told CNBC’s Bob Pisani in a “Squawk on the Street” interview Tuesday he thinks the world will have a global cryptocurrency that is not Bitcoin.
Cohn stated that he is a “believer in Blockchain Technology, [but] not a big believer in Bitcoin.” He continued on to explain how he is optimistic we will eventually find a universal cryptocurrency.
“I do think we will have a global cryptocurrency at some point where the world understands it and it’s not based on mining costs or cost of electricity or things like that.”
He believes the answer lies in a cryptocurrency more simple than Bitcoin.
“It will be a more easily understood cryptocurrency,” he said. “It will probably have some blockchain technology behind it, but it will be much more easily understood how it’s created, how it moves and how people can use it.”