Bitcoin Ultimately Can Replace Wall Street, Investor Says
(CNET) Bitcoin’s battle for legitimacy rolls on. Investors and entrepreneurs who champion the digital currency have been on a mission to evangelize since the press became enamored of Bitcoin earlier this year.
At the TechCrunch Disrupt conference Tuesday in San Francisco, Calif., the crypto-currency’s most bullish supporters ticked off ways Bitcoin could change the economic landscape of the future — supporters like twin brothers Cameron and Tyler Winklevoss, known for their early involvement in Facebook’s story and who have since become poster boys for Bitcoin investment.
“What Wall Street does can be done in Bitcoin,” crowed Naval Ravikant, founder of the online investment platform Angel List. He said that everything the entire industry does — putting things in escrow, moving money around — can be done more easily with what he calls “programmable money.”