Global Cryptocurrency is predicted by ex-Trump advisor.

The former Goldman Sachs executive, Gary Cohn who used to head up Donald Trump’s National Economic Council until last month, added his opinion to the global crypto-conversation.

“I’m not a big believer in Bitcoin” he told CNBC, “but I am a believer in blockchain technology.”

He then went on to make a prediction about the future of the technology, telling the interviewer, “I do think we will have a global cryptocurrency at some point.”

He explained that this global currency would not be based on costs such as mining and electricity, but rather it will be a universally understood currency, powered by the blockchain and simpler for the layperson to understand.

His statement comes after Goldman Sachs made the decision to launch a Bitcoin futures trading desk. Cohn was the president and the COO of the company in 2006 and remained in this position through the aftermath of the global financial crisis, something Goldman Sachs were partially blamed for due to their mortgage-backed securities business.

When Trump became President in January 2017, Cohn left Goldman to become the director of the National Economic Council, but in March 2018 he resigned. It is assumed his resignation came as a result of his opposition to the administrations proposed tariffs. He left the post on April 2nd.

 

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