Scepticism surrounding the world’s leading cryptocurrency remains as ex-Goldman Sachs President, and Trump advisor Gary Cohn says that Bitcoin will not be the actual “global cryptocurrency”.
Cohn added that the coin would be easily understandable than Bitcoin. Speaking to CNBC, Cohn stated that there would be a global digital currency at some point which would be understandable to the world and it will not be dependent on mining or any electrical cost.
In 2016, Cohn left Goldman Sachs to join the White House as the National Economic Council Director for the Trump Administration. A year later he had left the White House when the POTUS didn’t go by his advice.
Since then, Cohn has shown interest in the emerging markets of cryptocurrency and blockchain applications, even suggesting a “business idea” that combines blockchain with banking.
In an interview with CNBC Cohn said,
I’m not a big believer in Bitcoin. I am a believer in blockchain technology.
Furthermore, Cohn made clear that Bitcoin is too complicated as a cryptocurrency and suspicious to the average user’s knowledge when it comes to making payments or mining.
However, Cohn did express enthusiasm to the realisation of a future global cryptocurrency:
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.
Whether Bitcoin will be the world’s true “global cryptocurrency” is unknown, but it is becoming clear that cryptocurrency as a whole is making paces towards mass adoption, both by the general public, organisations and governments.
Wall Street’s best brains seem to be moving very fast into the crypto world. Everyone have their own views and ideology depending on the experiences. Accepting the pictures are up to the users, no one could force or justify any statement according to cryptos.