FX.co ★ Wall Street: Supporters and opponents of bitcoin

Currently, the banking institutions of Wall Street, the global financial center, are experiencing a split. The stumbling block was cryptocurrency No.1, bitcoin. It has both supporters and opponents, between whom disputes about the advisability of this means of payment do not cease. Consider a list of those and others, and listen to their arguments.

Firstly, the largest bank Goldman Sachs is characterized by the positive attitude to bitcoin. It keeps its hand on the pulse of this cryptocurrency dynamics. Significant support for bitcoin is provided by Lloyd Blankfein, the CEO of Goldman Sachs.

The largest financial company Fidelity Investments can be called a supporter of cryptocurrencies, in particular bitcoin. The management of the corporation sees further prospects for growth of bitcoin, and one of its representatives, Abigail Johnson, the CEO-strategist of Fidelity Investments, actively supports new digital means of payment.

Another major financial corporation, Morgan Stanley, is partly in the camp of bitcoin supporters, and partly - among its opponents. The division takes place at the leading level: the general director of the bank, James Gorman, is for the cryptocurrency, and Jamie Dimon, the general director of JP Morgan.

Jamie Dimon is categorical in relation to bitcoin. He considers it a "bubble", which will disappear as it appeared on the financial market. Distrust of a businessman to cryptocurrencies is discordant with the company's attitude to this type of digital money, but he holds his opinion.

Jordan Belfort, the so-called "Wolf of Wall Street" joined the series of businessmen unfriendly to bitcoin. The leading expert and experienced strategist in the financial industry believes that bitcoin is a kind of fraud, where the security issue remains open.