Bitcoin followers keep faith even after Mt.Gox's collapse

By Staff Writer

Feb 26, 2014 11:26 AM EST

Bitcoin believers kept their faith even after the apparent collapse of Mt. Gox, a Tokyo-based bitcoin exchanger. Bitcoin believers including Anthony Hope and others who have left their steady jobs in finance and government agencies to build bitcoin firms were not bothered of Mt. Gox's collapse.

Anthony Hope was a former official at the British Treasury and the current head of compliance at MatrixVision Hong Kong said, "It's good for us as a business, not so good for us as consumers. Over the longer term it will be good for bitcoin because over time the entire ecosystem will be made more robust."

Hope also said that even as the fate of Mt. Gox remained to be unclear, the troubles of the bitcoin exchanger have formed a part of a wider shift. This was after more professional players have transferred into the mainstream of bitcoin exchange.

Meanwhile, CEO and founder of GoCoin Singapore Steve Beauregard said, "It's important in the sense of sweeping away a lot of the early unsophisticated folk who got into this and made a name for themselves, but didn't have the management horsepower to manage a company."

© 2024 VCPOST, All rights reserved. Do not reproduce without permission.

Join the Conversation

Real Time Analytics