Bitcoin will do to banks what email did to the post office or Amazon did to retail. Those at the heart of the financial system are naturally concerned.

Wall Street is embracing the banker's "blockchain, not bitcoin" mantra. While they may not understand what blockchain is, everyone loves it. Jamie Dimon, JPMorgan CEO, is averse to Bitcoin but loves blockchain. Lloyd Blankfein, Goldman Sachs CEO has adopted blockchain even though he is warm to Bitcoin. 

Although I was an early adopter, I had strong feelings for Bitcoin. However, I became obsessed with blockchain for a time. You can also learn more about blockchain at

blockchain technology, blockchain

Maybe I should start with the journey that brought me to Bitcoin. Over two decades, I was part of Lloyd Blankfein and Jamie Dimon's traditional finance world. My career began as an equities trader. I then spent the majority of the internet bubble trading merger arbitrage.

 For those who can remember the glory days of "Merger Monday", I was the one placing bets on the outcome of each deal and who would follow. In the midst of a recession and after the internet bubble burst, I founded a brokerage company that specialized in mutual funds and other institutional investors. 

There was money to make when currencies moved while ADR's didn't. These markets were more exciting than boring blue-chip stocks. After spending a lot of time in the currency markets, it was time to make the jump to global macro investing.