Thursday, December 12, 2013

Bitcoin Believers See a Role for Wall Street - NYTimes.com

A bevy of bold Bitcoin believers; also browse Bitcoin’s Biggest Bet: Andreessen Horowitz Leads $25 Million Investment in Coinbase (AllThingsD)
"“The rising value of Bitcoin is a put option, or a bet, that Bitcoin gets adopted as a medium of exchange,” said Jeremy Allaire, the founder of Circle Internet Financial, a start-up in Boston that seeks to be a payment-processing system for Bitcoin. Mr. Allaire, who sponsored the gathering, said he had a modest position in Bitcoin, which he did not disclose.
“Wall Street will find a way” to get involved in Bitcoin, said Barry Silbert, the founder of SecondMarket, which created a Bitcoin fund that has $62.9 million in net assets under management as of Tuesday afternoon. “It doesn’t take a lot of money to move the needle in the Bitcoin world.”"
Bitcoin Believers See a Role for Wall Street - NYTimes.com
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