Lloyd Blankfein isn’t sure what to make of bitcoin.
The digital currency got new impetus this week after CME Group Inc., the world’s largest exchange owner, said it plans to introduce bitcoin futures by the end of the year, citing pent-up demand from clients. Skeptics including Themis Trading say the rally is evidence that the software-created asset is a bubble that should not be given regulatory cover.
The speculation around bitcoin is the “very definition of a bubble,” Credit Suisse Group AG CEO Tidjane Thiam said at a news conference in Zurich Thursday.
Source/More: Blankfein Says Don’t Dismiss Bitcoin – Bloomberg