Wall Street Will Put Hundreds of Millions Into Bitcoin

Wall Street is getting ready to dive into Bitcoin‚ pouring vast amounts of institutional and investor money into the digital currency that has been labeled a “bubble” by former Federal Reserve chairman Alan Greenspan and which not long ago was seen as the sole preserve of crypto–geeks‚ monetary– theory wonks and anti–government types.

Image

 

Photo credit to google

 

So says Barry Silbert‚  founder and chief executive of SecondMarket‚  the online platform that allows its users to trade private company stocks. “We′re three to six months away from Wall Street dollars moving into Bitcoin in a big way‚”  he says.

 

Silbert should know  earlier this fall‚ he launched the Bitcoin Investment Trust‚  the first investment vehicle allowing institutional investors to put money into the Bitcoin market while avoiding the hassle of personally holding the currency. The trust is open only to accredited investors‚ and the minimum investment is 25‚000 dollars.

 

See full article at entrepreneur.com

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s