BLOOMBERG BITCOIN CONFERENCE: ‘BITCOIN IS UNSTOPPABLE’

NEW YORK (InsideBitcoins) – Bloomberg, the noted financial information provider, is hosting a conference at its headquarters in New York today entitled, ‘Bitcoin: Beyond the Currency.’ Covering the event is Inside Bitcoin’s Jacob Cohen Donnelly, who is filing updates from the event:
Included on the initial panel for the day, ‘Bitcoin as Technology,’ was Will O’Brien, CEO of Bitgo, who offered a an optimistic view on where bitcoin is going over the next few years, but specifically said that 2015 is going to be a very big year for the cryptocurrency.
‘Next year there will be massive consolidation of all these bitcoin companies,’ O’Brien predicted, referencing the industry startups – small and large – that have been the beneficiaries of investment capital. Not only the high-profile companies that have accounted for the more than $300 million in venture capital investments so far this year, but also the small, incubated companies that might have raised just $250,000-$500,000. O’Brien predicted that these companies are likely to be absorbed by the larger players.

This post was published at Inside Bitcoins on Nov 17, 2014.