[2015-01-20] BS: Vikram Pandit, others invest $75 mn in Bitcoin firm Coinbase

[polynesia]

Vikram Pandit, others invest $75 mn in Bitcoin firm Coinbase

http://www.business-standard.com/article/pti-stories/vikram-pandit-others-invest-75-mn-in-bitcoin-firm-coinbase-115012001384_1.html

Noted India-origin banker Vikram Pandit along with the New York Stock Exchange and other investors have pumped in $75 million into US-based Coinbase in what is billed as one of the biggest publicly disclosed funding for a Bitcoin company.

[gkv9]

Have been watching this guy closely as he has been talking too much about BTC.
Did you mean that they actually invested in Bitcoins, or in BTC exchange Coinbase?
Still don't know what makes these investors think that investing in exchanges is more profitable than in BTC itself, as during the past years, those were exchanges only who just messed up a lot in case of security and got hacked due to which even people in India who invested ~Rs.100 Crores worth in Bitcoins lost them (Price was above $1k at that time).