The last year has brought bitcoin an interesting evolution, considering the fact that the price has tripled in a couple of months, and has reached the sum of $3,000 not long ago. This massive growth has brought about massive amounts of speculation on the market, with economic analysts from all around the world thinking that the increasing price is simply a bubble that will break soon enough.

It seems like the chief technician behind Goldman Sachs’ shares the same idea in this case, yet with a little twist. With this factor in mind, Sheba Jafari, in a recent report stated that in the near future, the price will likely break and decrease for a while, only to then proceed to climb even higher, possibly hitting the sum of $4,000 per unit of currency.

The blockchain hype has now been going on for several months, and numerous advancements have been noticed. According to recent reports, Goldman Sachs has just submitted a patent application that focuses on the idea that blockchain technology can be used to cut out the middle man, and change the current financial processes.

The patent, known by the name of “Systems and Methods for Updating a Distributed Ledger-Based on Partial Validations of Transactions” was initially published on the 8th of September, and filed back in March 2015. This means that it is the financial giant’s first blockchain-based patent so far.