A rare tweet from a WallStreet tycoon, sharing insights on his thoughts on Bitcoin and the possible direction of one of the few banks that saw any profits during the 2008 financial crisis. LLoyd Blankfein, has an interesting twitter timeline. He joined the social media platform in June of 2011, with only 18 tweets, 2 likes, 56.9 followers and following only 23 twitter accounts.

His most recent tweet address the issue of Bitcoin and has generated significant traction with over 400 replies, over 2000 retweets and over 5000 likes.

One of the first point that can be established, Mr Blankflein and Goldman Sachs isn't "openly" in a rush to take a stand on Bitcoin. I use the word "openly" quite 'chary' here because folks who make a living from investment banking/ trading only reveal their holdings when mandatory whiles others only share ideas of their portfolio exposure. That being said, Mr Blankflein and Goldman Sachs could be heavily exposed to the market, ripping further profits when they make an official announcement.

His tweets is in complete contrast to Jamie Dimon, CEO of JPMorgan & Chase who called Bitcoin a "complete fraud". Nonetheless, his company was seen buying the dips as he attacked the cryptocurrency.

Mr Blankflein also highlighted in his tweet "Know that folks also were skeptical when paper money displaced gold", probably warning his fellow banker and giving clues of his views without 'openly' acknowledging it. Again, I am not trying to set fire to the crusaders who religiously campaign that Bitcoin would replace fiat or imply that's the objective of Mr Blankflein.

In the case of Bitcoin, its volatility is to much to ignore. This is indeed a double-edge sword, as such volatility may not be ideal for merchants but great for traders with millions at their disposal. In fact, Mr Blankflein himself complained about the low volatility that currently exist in one of the company rare earnings miss. If the low volatility climate persist, I expect companies like Goldman Sachs and other investment banks/ Hedge funds to jump unto the cryptocurrency train as it offers that alternative. That being said, I encourage those involved to take profits as buying opportunity would always present itself because companies like these would always need to give a quarterly report; thus, patterns can become predictable.

The bigger question to ask ourselves, could we be experiencing the paradigm shift???

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