RATE Group | Goldman Sachs CFO calls speculation about bitcoin ‘fake news’
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Goldman Sachs CFO calls speculation about bitcoin ‘fake news’

Goldman Sachs CFO calls speculation about bitcoin ‘fake news’

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The price of bitcoin and other top cryptocurrencies tumbled after the initial report by Business Insider earlier this week. The Wall Street giant has been considering the launch of some sort of cryptocurrency option for clients for the past year. But it’s never been quite clear just what the bank was planning.

“In response to client interest in digital currencies, we are exploring how best to serve them in this space,” a Goldman spokeswoman told CNBC in October.

The bank’s outgoing CEO Lloyd Blankfein tweeted in October that Goldman was “still thinking about bitcoin,” and that the bank was “not endorsing/rejecting.”

Chavez on Thursday looked to knock down this week’s report about the bank dialing back plans, but also make clear that there’s never been a timeline for this…

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