SecondMarket CEO: Wall Street Will Put ‘Hundreds of Millions’ Into Bitcoin

“Silbert says the BIT is in conversations with ‘several major banks’ and he expects the trust to be an approved product on their wealth-management platforms within the first half of 2014.  The second wave will be hedge funds and other institutional investors. ‘The principals that work at all those firms are starting to invest personally in the BIT,’ Silbert says. Anecdotally, he adds, it’s clear they are investing in the Bitcoin market through other platforms as well. With traders, portfolio managers and executives all gaining interest, it appears to be only a matter of time before their firms follow suit and take a position in the digital currency.  The third wave will be Wall Street banks themselves.”

http://www.entrepreneur.com/article/230346

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