Digital Currency Group CEO is Bullish on Bitcoin as an Asset Class

Digital Currency Group CEO is Bullish on Bitcoin as an Asset Class

Bitcoin News
July 19, 2018 Editor's Desk
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Barry Silbert, CEO of Digital Currency Group, said he is bullish on bitcoin as an asset class and is optimistic about its growth. On Wednesday, July 18th, while speaking at the Delivering Alpha Conference New York, he said, “I think we’ve probably hit the bottom for the year. I actually put some money into bitcoin
Digital Currency Group

Barry Silbert, CEO of Digital Currency Group, said he is bullish on bitcoin as an asset class and is optimistic about its growth.

On Wednesday, July 18th, while speaking at the Delivering Alpha Conference New York, he said,

“I think we’ve probably hit the bottom for the year. I actually put some money into bitcoin last week. As an asset class, it is here to stay … I’m 100% confident a decentralized, non-fiat form of money is here to stay.”

The conference also witnessed some interesting comments from people involved in the cryptocurrency space.

Ken Griffin, CEO, and Founder of the Citadel Hedge Fund said, “I don’t have even a single portfolio manager that has told me to buy crypto, not a single portfolio manager, ” in a CNBC interview.

He further reiterated his negative stance in cryptocurrencies by saying that he still scratches his head when it comes to BTC and apparently, is not willing to be a liquidity provider for a product that he doesn’t believe in.

The Citadel Investment Group was founded by Ken in 1990 and has two primary businesses – Citadel, one of the world’s largest alternative asset managers, and Citadel Securities, one of the leading market makers in the world.

Jeremy Allaire, CEO, and founder of the cryptocurrency startup Circle, also commented upon the revolutionary nature of crypto:

“This is a new infrastructure layer of the internet. It is going to replace what operating systems do. It is the future of the internet … This just isn’t about digital gold.”

Jeremy announced the launch of Circle in October 2013 to bring the benefits of digital money to mainstream consumers. Till date, the company has received a funding of around $135 million raised over 4 rounds, wherein $50 million came from the American multinational investment bank, Goldman Sachs.

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