As Goldman's Blankfein Questions Bitcoin, Additional Uses For Blockchain Reviewed

Goldman Sachs CEO Lloyd Blankfein looks at  bitcoin bubble and the cryptocurrency craze in general with a degree of skepticism. In an interview Thursday, he expressed bemusement with the concept, which is based on blockchain technology. There are reservations about the technology’s underpinnings expressed in a white paper from a French academic. All else equal, however, the uses for blockchain technology are likely to expand significantly past cryptocurrencies.

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Goldman chief skeptical on bitcoin bubble after analyst predicts move to $7,900

Just days after a Goldman Sachs analyst said bitcoin is likely headed over $7,900, Blankfein expressed reservations.

"I don't like it. I'm not comfortable with it," he told CNBC's...