Are Wall Street and The Banks Trying To Circumvent the Bitcoin Blockchain?

Are Wall Street and The Banks Trying To Circumvent the Bitcoin Blockchain?

For the first two or three years, arguably Bitcoin was a toy for nerds, and some dissenters might even go to say Bitcoin is just for anarchists and liberalists. However, as more people used it, and more companies started accepting it, Venture Capitalists and Wall Street started catching on. First it was just the small seed investment round here and there, usually investments below $100,000 in USD. However, 2014 hit a record of Venture Capitalism flowing into Bitcoin when we see record investments in Bitcoin heavyweights like Xapo, BitFury, Circle, and OKCoin.


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Quotes

I am here to testify because I believe that global digital currency represents one of the most important technical and economic innovations of our time... As this technology moves from early adopters into mainstream acceptance, it is critical in my view that Federal and State governments establish policies surrounding digital currency.

Jeremy Allaire, the chief executive of Circle Internet Financial