Gary Cohn, former chairman of Goldman Sachs and former chief economic advisor to US President Donald Trump, believes Bitcoin may not hold a long-term prospect for investors. p>
In an interview with Bloomberg, Cohen said that the origin of the digital currency lacks some basic safety of a real market due to its lack of transparency, explaining that investors may be skeptical about a system that does not have Audit path.
he added regarding Bitcoin: despite all the reasons why it is a strong and sophisticated asset class, it may fail ... Part of the integrity of any system is knowing who owns it and who Control it and find out the reason for moving it.
The former Goldman Sachs chief spoke of Bitcoin (BTC) and Blockchain after he resigned from his position in the Trump administration in 2018. He has since joined the Board of Advisors for Blockchain-related Technology, Spring Labs.
In the months following the 2017 bull run, Cohen said he is not a big believer in Bitcoin but still sees the potential of blockchain technology. At the time, Cohn believed that cryptocurrencies would play a role in the future of finance, but it is likely a global token that is more easily understood than Bitcoin, citing mining costs as a potential source of confusion for investors.
Cohen's comments come on the same day that Bitcoin officially overtook its all-time high of $ 19892, according to Coinbase. After reaching this critical price, some whales sold off their property, which could cause a subsequent slight drop.
