Barry Silbert, founder and CEO of Digital Currency Group, said he is optimistic about Bitcoin (BTC) as an investment asset, CNBC reported.
Barry Silbert, CEO of Digital Currency Group, and Jeremy Allaire of Circle are bullish about Bitcoin (BTC)
In his speech at the Delivering Alpha Conference in New York on Wednesday, Silbert said he thinks that “we have probably hit rock bottom over the year. In fact, I put some money in Bitcoin last week.” He added that “as an asset class it is here to stay. I’m 100 percent sure that a form of decentralized, non-trust money is here to stay.”
Jeremy Allaire of cryptocurrency startup Circle, supported by Goldman Sachs and Baidu, also addressed the conference. Allaire said that the blockchain technology would form the basis of all the new technological innovations.
This is a new layer of Internet infrastructure. It’s going to replace what the operating systems do. It’s the future of the Internet. This is not about digital gold.
Jeremy Allaire, Circle
Younger generations should focus on other fields than investing in Bitcoin (BTC), thinks Ken Griffin from Citadel
Ken Griffin, the CEO and founder of Citadel’s hedge fund, is more skeptical about the leading cryptocurrency of the market, Bitcoin (BTC). At the same conference, he admitted that he “still scratches his head” on BTC, saying that the younger generation should “do something more productive than investing in digital coins.”
Today, Avenue Capital Group co-founder Marc Lasry shared Silbert’s positive stance, stating that BTC will soon reach $40,000. He said, “as you get more into the mainstream, and as more markets end up allowing you to trade where you can trade freely, that’s more of a gamble for me.”
At the moment of this writing, Bitcoin (BTC), the leading cryptocurrency by market cap, trades at $7,453, surging by about 0.23% in the last 24 hours,