28 Jan '14, 9pm

Bitcoin could alter world as much as Internet: VC

Bitcoin could alter world as much as Internet: VC

Bitcoin could be as "big as the Internet" in reshaping the world and spurring economic growth, said a venture capitalist and well-known booster of the virtual currency. "Virtual currency, particularly bitcoin, reminds me so much of that time in the early '90s," said Fred Wilson, a partner at Union Square Ventures. "We are at beginning of an exciting time, not just for investors but for all of society." His comments came at a hearing Tuesday on the potential regulation of bitcoin. Conducted in lower Manhattan by New York state banking regulators, the hearing attracted other bitcoin enthusiasts, including Cameron and Tyler Winklevoss.

Full article: http://www.cnbc.com/id/101370984

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