Goldman Sachs’ Currie: Bitcoin is a commodity

Jeff Currie, Goldman Sachs' head of commodities research, explained in an interview with Bloomberg TV why he believes that Bitcoin is a commodity, instead of a security or a currency.

Key Quotes via Business Insider:

"It's a commodity. A security, by definition, has a liability attached to it. Take a dollar bill, it has a liability to the US government. Commodities do not have liabilities. They are bearer assets, and when you think about it in that context, you look at bitcoin, it's not that much different than gold. I don't see why there's all this hostility toward it."

“Central banks control an enormous amount of the supply of gold, which does not make it a complete substitute between bitcoin and gold."

Meanwhile, Goldman Sachs CEO Llyod Blankfein has stated previously that he is "still thinking" about bitcoin and hasn't come to any conclusions yet.