25 Jul '14, 5pm

This week in bitcoin: Barry Silbert bets big on bitcoin, even as price falters

This week in bitcoin: Barry Silbert bets big on bitcoin, even as price falters

This week’s bitcoin review takes a look at SecondMarket CEO Barry Silbert’s resignation to focus only on bitcoin, even as the price dips below $600. All in on bitcoin Barry Silbert announced yesterday in a company blog post that he is stepping down from his role as CEO of SecondMarket, a New York-based assets marketplace, to focus entirely on bitcoin: While I have never been more excited about SecondMarket, I have chosen to move on from day-to-day management of the private company/fund business so that I can focus 100% of my energy on our digital currency business. My passion for bitcoin is no secret, and I feel it is the right time to make this transition. Our intention is to formally separate the two business lines at the appropriate point in time. In the meantime, I will remain Chairman and CEO of our parent holding company. Barry Silbert Silbert’s been betting on bitco...

Full article: http://gigaom.com/2014/07/25/this-week-in-bitcoin-barry-s...

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