Digital Currency Group is bustling these days. In a final 4 months alone, a association acquired a biggest bitcoin news site, CoinDesk, and along with it, a biggest bitcoin conference, Consensus; it also gave income to Coin Center, a bitcoin industry’s nonprofit advocacy group.
On Thursday, DCG announced a washing list of new investors and additions to a team, and among them is one really large name: Larry Summers.
Summers, former Treasury secretary and former boss of Harvard University, is fasten DCG as a comparison advisor. It is a sign that Summers believes in a destiny of bitcoin, a crypto-currency that many transport still doubtful about. One year ago, vocalization during a Museum of American Finance, Summers was asked about bitcoin and said, “We have seen so small creation cumulatively destined during holding a frictional costs out of a system. The thought that there’s going to be a lot of creation and investigation around how those frictional costs can be taken out feels like a really critical kind of idea.”