Quotes, Week 23 ’18

Quotes, Week 23 ’18

Bobby Lee, Brad Garlinghouse, Robert Sluymer, Brian Stutland and Adena Friedman speaking on cryptocurrency and blockchain issues.

People don’t realize that Blockchain should be distinct & different from Databases, invented decades ago! Bitcoin’s real Blockchain was only invented in 2009. Everyone using a digital ledger is calling it Blockchain, w/o regards to functionality. Complete intellectual dishonesty!

Bobby Lee, co-founder of YourBTCC and creator of BTCCmobi

Bitcoin may end up being the Napster of digital assets. It's shown what's possible. But Spotify, iTunes, Pandora engaged the system and regulators, and they ruled the day.

Brad Garlinghouse, CEO Ripple

When we step back, we see the first phase starting to happen. We think Bitcoin is starting to bottom off some very key support around $7,000 and we think it’s going to start a recovery process here.

Robert Sluymer, managing director at Fundstrat Global Advisors

There is huge correlation right now between VIX and bitcoin 30 days ago, 30 trading days ago, that is starting to measure out credit risk in the market. That's what cryptocurrency is becoming. It's becoming a way to sort of de-risk yourself from credit risk in the banking industry.

Brian Stutland, managing member of Equity Armor Investments

I do believe that the construct of a cryptocurrency is something that is starting to become a construct that we can understand, that could become part of what I would call the financial element of the internet. That is currently a speculative asset class which doesn’t necessarily have kind of a foundational purpose in terms of international commerce.

Adena Friedman, Nasdaq Inc. CEO

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