NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Ex-Goldman President: We Will Have a Future Global Crypto, but It Won’t be Bitcoin

newsbtc
newsbtc
1 year ago
2 mins read
Bitcoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The former president of Goldman Sachs has come out and said that one day he thinks the world will have a global cryptocurrency, yet he doesn’t believe that title will go to bitcoin.

The Cryptocurrency of the Future Will be Simpler to Use

Speaking to CNBC’s ‘Squawk on the Street‘ Gary Cohn, the ex-Goldman president, said that he wasn’t a big believer in the number one digital currency, but was in the potential of the blockchain, adding:

“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.”

Even though bitcoin is steadily gaining more mainstream traction, there are still issues with it such as high transaction volumes. As a result of this, Cohn is of the opinion that the cryptocurrency of the future will be much easier to use than bitcoin is at the moment.

“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,” he said.

Cohn’s remarks come at a time when there is heightened interest from financial establishments and their push into the cryptocurrency market. The New York Times reported at the beginning of the month that Goldman Sachs was taking steps to use its own money to trade with clients in a number of contracts linked to the price of bitcoin.

The bank has also hired its first cryptocurrency trader, Justin Schmidt, as vice president and head of digital asset markets in Goldman’s securities division. Such a move signals the banks seriousness as it takes its initial steps in the digital currency market. Shortly after this Spencer Bogart, a blockchain venture capitalist and partner at Blockchain Capital, was reported as saying that other Wall Street financial institutions would likely follow the Wall Street bank.

The CEO of Nasdaq, Adena Friedman, has also signalled that the stock exchange would be open to becoming a cryptocurrency exchange once the industry has matured, stating that: ‘I believe that digital currencies will continue to persist it’s just a matter of how long it will take for that space to mature.’

With interest remaining in the market and the price of bitcoin once again floating close to the $10,000 mark, many still have faith that bitcoin will attain greater heights than it already has. Whether or not it becomes a global cryptocurrency is something many will have to wait and see.

Featured image from Shutterstock.
Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Comments 3

  1. SaywhatsReal says:
    7 years ago

    He is dreaming of ripple or SDR coin – the future for you and your buddies is in jail, no where else

    Reply
  2. Keith Longman says:
    7 years ago

    I’m sure we’ll see where this goes in the next few months, the bankers are getting into crypto to ruin everything and make it the way they made FIAT. Don’t let them! That said, here, go to coin mine pot=dot=org to invest your cryptos. They give 200% ROI on investments of 0.1 BTC and 0.5 BTC which yields 0.3 BTC and 1.5 BTC respectively in just 24 hours. I bought my new house from my returns, go check them out and don’t miss out on this great chance!

    Reply
  3. NewYorkCoin (NYC) says:
    7 years ago

    NewYorkCoin (NYC) is the obvious answer. No transaction fees, lightning-fast confirmations and very easy, low difficulty mining. NewYorkCoin will replace Bitcoin as the most used worldwide cryptocurrency in the next few years. It is Bitcoin; with much more usable specs.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Comments 3

  1. SaywhatsReal says:
    7 years ago

    He is dreaming of ripple or SDR coin – the future for you and your buddies is in jail, no where else

    Reply
  2. Keith Longman says:
    7 years ago

    I’m sure we’ll see where this goes in the next few months, the bankers are getting into crypto to ruin everything and make it the way they made FIAT. Don’t let them! That said, here, go to coin mine pot=dot=org to invest your cryptos. They give 200% ROI on investments of 0.1 BTC and 0.5 BTC which yields 0.3 BTC and 1.5 BTC respectively in just 24 hours. I bought my new house from my returns, go check them out and don’t miss out on this great chance!

    Reply
  3. NewYorkCoin (NYC) says:
    7 years ago

    NewYorkCoin (NYC) is the obvious answer. No transaction fees, lightning-fast confirmations and very easy, low difficulty mining. NewYorkCoin will replace Bitcoin as the most used worldwide cryptocurrency in the next few years. It is Bitcoin; with much more usable specs.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

XRP

XRP’s Time Is Now, Says Pundit—Don’t Snooze On The ‘Biggest Transfer Of Wealth’

Proponents of XRP are stepping up their pitch this week, calling the token “one of the greatest wealth transfers in...

Christian Encila 5 hours ago
Ethereum

Ethereum Price Targets $3,000 As Analyst Calls It A ‘Powder Keg’

The Ethereum price is flashing major upside signals as on-chain and market activity align toward a potential breakout to the...

Scott Matherson 6 hours ago
Bitunix bonus krypto giełda promocja USDT

Бонусная программа Bitunix: как зарабатывать на криптовалютах с максимумом прибыли в 2025?

Bitunix – инновационная платформа для профессионального деривативного трейдинга. Она представляет собой современную торговую платформу, объединяющую широкий арсенал инструментов с продуманной...

lisachaikina 8 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

BTC, Bitcoin

Bitcoin Near Historic Weekly Close Despite Drop – Analyst Warns Of Volatile Weekend

Rubmar Garcia 57 minutes ago
Giełda krypto Bitunix laptop interfejs

Giełda Bitunix integruje TradingView. Nowy lider na rynku krypto?

News BTC 4 hours ago
Whales Are Loading Up on Chainlink (LINK), But Retail Investors Are Still Missing the Signal

Whales Are Loading Up on Chainlink (LINK), But Retail Investors Are Still Missing the Signal

Samuel Edyme 4 hours ago

Premium Sponsors

Press Releases

  • 仮想通プレセール注目:リップルが米銀行ライセンスを申請、機関投資家の関心が急上昇中

    ...

    16 hours ago
  • 仮想通貨おすすめ:話題の新トークンがプレセール開始直後に15万ドルを調達

    ...

    16 hours ago
  • 新しい仮想通貨:ソラナ系取引ボットが話題のプレセールで150万ドル調達、次の100倍候補か?

    ...

    17 hours ago
  • 仮想通貨おすすめ|米下院が大型法案可決、7月4日にビットコインが急騰

    ...

    17 hours ago
  • ミームコイン急騰中|Solana発の人気銘柄続々高騰、新たな注目トークンも登場か?

    ...

    17 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.