(Reuters) – Goldman Sachs Group Inc (GS.N) Chief Executive Lloyd Blankfein said he is keeping an open mind on bitcoin after a media report that the investment bank was exploring a new trading operation dedicated to cryptocurrencies.

“Still thinking about #Bitcoin. No conclusion – not endorsing/rejecting. Know that folks also were skeptical when paper money displaced gold,” Blankfein tweeted on Tuesday. (bit.ly/2xP543l)

The plan is in early stages and may not proceed, the Wall Street Journal report on Monday, citing people familiar with the matter. (on.wsj.com/2xMdWq8)

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