[2015-06-05] CD: NYSE Chairman: Millennials Trust Bitcoin More Than Fiat

[Grand_Voyageur]

NYSE Chairman: Millennials Trust Bitcoin More Than Fiat

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.

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

[Wonka]

I doubt that. I think it'll be a long time before most 'millennials' trust it more than fiat if ever. I think for the rest of the public to trust it more we'd unfortunately need some sort of global financial collapse and that's when people could take advantage of bitcoin but I don't see one that catastrophic coming any time soon.