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If investment banks want to invest in Bitcoin a hedge fund would give them an easy way to do this. The fund would cover the IT side of things, i.e. coin storage
by ianpurton 14y ago
If investment banks want to invest in Bitcoin a hedge fund would give them an easy way to do this. The fund would cover the IT side of things, i.e. coin storage.
- lubos 14y agoConsidering how many bitcoins have been stolen due to security issues last 3 years, when it comes to bitcoins, I wouldn't trust anyone but myself.
- ianpurton 14y agoThere's an article over on slashdot to do with the security model. http://news.slashdot.org/story/13/03/09/0757245/how-the-first-bitcoin-hedge-fund-approaches-security http://news.slashdot.org/story/13/03/09/0757245/how-the-firs... Basically, this is a very big move for Bitcoin. Once investment banks have access to Bitcoins they can decide whether they see it as a potential revenue stream both for FX and prop trading. It would take just one announcement from a large investment organisation to see the Bitcoin price rally.