Potential Mt. Gox Buyer: Exchange Has Important Role in Bitcoin's Future

Potential Mt. Gox Buyer: Exchange Has Important Role in Bitcoin's Future

The latest attempt to bring bankrupt Japan-based bitcoin exchange Mt. Gox back to life appears to be a serious one. William Quigley, managing director of Santa Monica-based venture capital firm Clearstone Venture Partners, is part of a group of investors aiming to resuscitate the collapsed exchange. He recently appeared on CNBC to talk about the bid. Quigley's fellow investors include John Betts, a former Morgan Stanley and Goldman Sachs executive, and venture capitalist Brock Pierce. The proposal, which offered to purchase Mt. Gox for just 1 BTC, first surfaced on 10th April. Said....


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Quotes

My initial thought when I heard about Bitcoin from my students is that is a scam. I know now that the technology of Bitcoin might prove useful but I am puzzled by the rush to it.

Meir Statman, Professor at Santa Clara University specializing in behavioral finance