Bitcoin Luring Ambitious Young Financial Analysts & Traders Away from Wall Street

wall-street-traders-leaving-for-bitcoin-firms-startupsWhile banks and financial trading firms become more involved with bitcoin, a crop of youthful financial professionals is forsaking traditional careers and becoming cryptocurrency entrepreneurs, according to Reuters. Bitcoin is no longer strictly the province of small-time investors seeking an alternative to government-backed currencies.

Jason Lukasiewicz, 29, left a six-figure salary in private equity at The CapStreet Group in New York to move to the bitcoin world in late 2012. He is founder and CEO at Coinsetter, a New York-based bitcoin exchange.

Bitcoin Funding: Hard To Ignore

“A lot of people are entering the bitcoin space as the sector has reached an overall level of funding that’s hard to ignore,” said Lukasiewicz.

Timo Schlaefer, 34, had a doctorate in financial engineering and was working at Goldman Sachs in London. After working with the bank’s mergers and acquisitions team, he became an executive director of credit quantitative modeling.

In February, he left his promising position to launch Crypto Facilities Ltd., a bitcoin derivatives trading platform. The platform trades bitcoin forwards, which are directly linked to the price of bitcoin. It is also developing other digital currency derivative products. The company now has six

Read more ... source: CryptoCoinsNews