Goldman's Blankfein Says He's Not Worried About Cryptocurrencies in Systemic Way

Goldman's Blankfein Says He's Not Worried About Cryptocurrencies in Systemic Way

Assessment

Interactive Video

Business

University

Hard

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The speaker addresses concerns about cryptocurrencies, comparing their adoption to past technologies like cell phones. They discuss the evolution of money from gold to fiat currency and consider the potential for consensus currencies. While personally not invested in Bitcoin, the speaker acknowledges the possibility of its success and emphasizes the importance of considering both sides of an argument.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What analogy does the speaker use to describe the initial skepticism towards cryptocurrencies?

The introduction of the internet

The launch of electric cars

The emergence of cell phones

The invention of the television

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the speaker, what was the initial form of money?

Paper currency

Cryptocurrency

Gold

Silver

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the speaker suggest about the nature of fiat currency?

It is a form of digital currency

It is based on government declaration

It is backed by gold

It is universally accepted

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the speaker's personal involvement with Bitcoin?

He does not own any

He owns a small amount

He actively invests in it

He is a major advocate

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the speaker view the potential success of cryptocurrencies?

He thinks it is a guaranteed failure

He acknowledges it could succeed despite being unfamiliar

He is certain it will succeed

He believes it is impossible