Silbert is bullish on the prospects for what he considers to be a very important new technology and currency.
HONG KONG/NEW YORK/LONDON: Seventeen months ago, a former Wall Street investment banker who specialised in distressed assets took to Twitter to announce he had bought a cryptocurrency for US$0.50 (RM2.03) per coin. "At $0.50 (RM2.03) , risk/return felt right," tweeted Barry Silbert, founder and chief executive of a private New York-based company called Digital Currency Group, or DCG.
It has turned out to be a great bet. The digital coin – ethereum classic – was trading this week at as much as US$47 (RM191.65) – more than 90 times higher – before falling back. That's an even bigger rise than that of bitcoin, a far better known cryptocurrency, over the same period
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