Lloyd Blankfein: Fuck It, Let's Do Bitcoin

What comes after the top though?
(Getty Images)

(Getty Images)

Can one ever really know the moment when a fad starts to die?

Goldman Sachs Group Inc. is setting up a trading desk to make markets in digital currencies such as bitcoin, according to people with knowledge of the strategy. The bank aims to get the business running by the end of June, if not earlier, two of the people said. Another said it’s still trying to work out security issues as well as how it would hold, or custody, the assets, Bloomberg News reports.

Yes...Yes one can.

Goldman Is Setting Up a Cryptocurrency Trading Desk [Bloomberg]

Oh, and by the way, we're going to go out on a limb and say that since Goldman clearly let this rumor get out, there is probably a lot less confusion about how to operate the desk and we are way closer to seeing this thing in action before June. It's not like Goldman is some former I-banking bro deciding to get into cryptos because he was talking to a hot girl at an EDM show...Oh, wait a second...