Survey Finds Silicon Valley, Wall Street Bullish on Bitcoin
A new survey published by the SecondMarket-owned public investment fund, Bitcoin Investment Trust (BIT), suggests that as the general public learns more about bitcoin, overall optimism about its future financial applications is likely to improve. The survey garnered responses from more than 1,000 individuals, including those from the Wall Street, Silicon Valley and bitcoin communities. The results detail how the respondents first learned about bitcoin and how their view of the technology's potential changed over time. Overall, the findings suggest that, should the experience of these....
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Wall Street has been embracing the latest wave of Silicon Valley financial tech at a fast rate. Over the past several months, many Wall Street Financial companies have embraced the new wave fintech enterprises with remarkable speed. The blockchain an online ledger that tracks the movement of digital currency, but it can also be used to manage, register and secure anything else that has value. Wall Street companies seem to have seen the true potential of the blockchain technology and many are now rushing to invest and develop new applications with this new technology. Jamie Dimon, JP Morgan....
During the past four years various Bitcoin-based service companies had occupied comfortable niches during an infancy and adoption phase of the cryptocurrency. Some had naive business models and others immature management to deal with the acceleration that followed Bitcoin's peak above $1000, the overwhelming sensation and embrace by mainsteet, the Wall Street listings and an official central bank decree from the world's next superpower. The present toddler phase of Bitcoin's development will no doubt see service companies bump their heads a few more times. Many newcomers (and some....
Richard Waters, writing in Financial Times, is reporting that Silicon Valley's A-Listers seem to be fast climbing onto the Bitcoin bandwagon. More and more of Silicon Valley's venture capitalists have been queuing up to invest in Bitcoin start-ups. Yesterday, some of Silicon Valley's heavy hitters bought into the $20 Million funding round for Xapo. This list included none less than Reid Hoffman of Greylock Partners, Mike Volpi of Index Ventures attracting funding from the deep pockets of Max Levchin, Yuri Milner as well as Jerry Yang, the co-founder and former CEO of Yahoo!. But this....
The Bitcoin Investment Trust took a survey of "over 1,000 people from Wall Street to Silicon Valley, [for] their thoughts about bitcoin." The evidence displays a positive correlation between knowledge of Bitcoin and a positive perception of Bitcoin. Of the polled almost half (45%) found out about Bitcoin last year, and 52% claimed to have heard in 2012 or before which I find difficult to believe. Some good news is that once people knew about Bitcoin, 68% of them had positive views and thought it would change the world or solve a real problem, 66% of respondents planned to purchase bitcoins....
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