NYSE Chairman: Millennials Trust Bitcoin More Than Fiat - June 5, 2015

The Support Team -

(@pete_rizzo_) | Published on June 5, 2015 at 11:06 BST

Intercontinental Exchange (ICE) CEO and New York Stock Exchange (NYSE) chairman Jeffrey Sprecher has come out in support of bitcoin and the blockchain, voicing his belief that the technologies are part of a larger change in how trust is being established in society.

Speaking to CNBC's Bob Pisano on "Power Lunch",Sprecher opened up about NYSE's investment in bitcoin services provider Coinbase's recent $75m Series C funding round, one of the largest so far closed by an industry firm.

Sprecher suggested NYSE has been looking into bitcoin and the blockchain for "over a year", but noted the exchange has found the language of the industry difficult to navigate.

However, Sprecher said his interest had persisted due to the fact that millennials are becoming comfortable using the technology in the same way that they are becoming used to other platforms – such as ride-sharing app Uber – where the crowd, rather than a central authority, informs decision-making.

Sprecher told CNBC:

"We're seeing millennials trust a currency that is created in the ether, more than they trust fiat currency by government. I think that trend, whether it's a restaurant review or a taxicab or the way you exchange value, is something they believe in and we want to be on top of it because I think it's going to impact you and I."

"I think there's something to it," he said, alluding to bitcoin and the blockchain. "I think there's something here, that's why we invested in it."

Source: http://www.coindesk.com/nyse-chairman-millennials-trust-bitcoin-more-than-fiat/

Check our complete list of services so you know where to spend your bitcoin!
Don't have an account with coins.co.th? Click here to see how you can do it!
Add cash in your wallet by buying bitcoin today!
Out of credits? Top up your mobile phone now!
Want to pay your bills in the comfort of your own home? Pay all your bills here.
Claim your free bitcoin here!
Earn money through your referral link!
Click here to go directly to coins.co.th website. 

 

Share This:

Facebook Twitter LinkedIn Google+ Line Whatsapp
Have more questions? Submit a request