The world will have a global cryptocurrency, but it won’t be bitcoin, says ex-Goldman president Gary Cohn


  • “I’m not a big believer in bitcoin. I am a believer in blockchain technology,” former Goldman Sachs President Gary Cohn told CNBC’s Bob Pisani in a “Squawk on the Street” interview.
  • “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,” Cohn said.
  • He expects the digital coin of the future will be simpler than bitcoin. “It will be a more easily understood cryptocurrency,” Cohn said.

Former Goldman Sachs President Gary Cohn said Tuesday he thinks the world will have a global cryptocurrency that is not bitcoin.

“I’m not a big believer in bitcoin. I am a believer in blockchain technology,” Cohn told CNBC’s Bob Pisani in a “Squawk on the Street” interview.

“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,” he said. Cohn resigned in early March from his role as chief economic advisor to the Trump administration.

Gary Cohn

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