Blog Archives

Barry Silbert steps down as SecondMarket CEO to focus “100%” on bitcoin

Posted on 25th July, 2014

It’s hardly a secret that Barry Silbert is a big fan of bitcoin. In the past year, the SecondMarket founder has become one of the best known evangelists for the digital currency, giving countless mainstream interviews and investor presentations. He’s also been more than willing to put his money where his mouth is, investing millions […]

SecondMarket CEO says bitcoin approaching an “inflection point”

Posted on 26th June, 2014

Speaking on yesterday on Bloomberg TV’s Street Smart, SecondMarket CEO Barry Silbert claimed that the bitcoin industry is nearing a positive “inflection point” after downward-trending six months. Silbert was on the show to discuss SecondMarket’s buyers’ syndicate for the U.S. Marshal Service’s auction of nearly 30,000 BTC seized from the Silk Road, but the conversation […]

Report: Wall Street and Silicon Valley are bullish on bitcoin

Posted on 8th May, 2014

If the results of a new survey published by the Bitcoin Investment Trust (BIT) are to be believed, Wall Street and Silicon Valley investors are extremely optimistic about the future of bitcoin as both a financial tool and investment opportunity. The survey was backed by BIT’s parent company, SecondMarket, and responded to by a pool […]

Barry Silbert announces Bitcoin Investment Trust has crossed 100,000 BTC

Posted on 11th April, 2014

It’s no secret that SecondMarket’s Barry Silbert has big plans for bitcoin. As one of the first wave of investors to bring bitcoin onto Wall Street, Silbert’s Bitcoin Investment Trust (BIT) already has some major money behind their initiative. With bitcoin prices dropping nearly 20% over the last week, it should come as little surprise […]

SecondMarket’s Barry Silbert claims the insurance industry is eyeing bitcoin

Posted on 28th March, 2014

With his Bitcoin Investment Trust rapidly gaining interest from curious mainstream investors, it’s no surprise that businesses want to talk to Barry Silbert. What is surprising, however, are the kinds of businesses who are now knocking on his door. Earlier today, Silbert posted this tweet, hinting at what may be the strongest indicator yet of […]

Who will win the bitcoin race: Winklevoss Twins or SecondMarket?

Posted on 22nd March, 2014

Last year, Cameron and Tyler Winklevoss announced their plans to launch the world’s first publicly traded Bitcoin exchange-traded fund. Unfortunately, the Winklevoss Bitcoin Trust has been mired in the complexities of Securities and Exchange Commission regulation, leaving the field open for competition. If Barry Silbert’s SecondMarket has their way, the Winklevii will be stuck in […]

SecondMarket to open dedicated Bitcoin exchange

Posted on 25th February, 2014

Online illiquid asset marketplace SecondMarket recently announced plans to launch a dedicated Bitcoin exchange. The New York-based company has long traded in products like private company stocks and auction‐rate securities, but in recent months has been developing a strong virtual currency division. The new exchange would spin out this 11-member team and other assets into […]