However, he did say in an interview with Bloomberg that he is open to the cryptocurrency in the future.
At his company's annual Finance Innovation Forum, Blankfein discussed his views on Bitcoin in the wake of CME Group's decision to introduce futures contracts tied to the cryptocurrency.
"I've learned over the years that there's a lot of things that work out pretty well that I don't love," he said.
"Maybe in the new world, something gets backed by consensus… If we went into the future and bitcoins were successful, I would be able to explain how it's a natural evolution of money," said Goldman Sachs' CEO.
About the Author
Garrett Baldwin is a globally recognized research economist, financial writer, and consultant with degrees from Northwestern, Johns Hopkins, Purdue, and Indiana University. He is a seasoned financial and political risk analyst, with a focus on stocks, hedge funds, private equity, blockchain, and housing policy. He has conducted risk assessment projects for clients in 27 countries, and consulted on policy and financial operations for some of the nation's largest financial institutions, including a $1.5 trillion credit fund, a $43 billion credit and auto loan giant, as well as two of the largest Wall Street banks by assets under management.
Garrett joined Money Map Press as an economist and researcher in 2011, specializing in alternative strategies with an emphasis on fundamental and technical analysis.