Wednesday, April 11, 2018

CEO of New York Stock Exchange (NYSE) says that more Americans trust in cryptocurrencies more than they do the Fed

In a very interesting and perhaps frank revelation on April 9, the head of the New York Stock Exchange (NYSE) admitted during an interview with Bloomberg that more Americans trust in cryptocurrencies than they do the Federal Reserve.

Speaking to Bloomberg on the NYSE's strong push to make cryptos a main player in U.S. markets, CEO Jeffrey Sprecher should no longer be viewed simply as an 'alternative investment', and that co-opting them into the mainstream of paper trading is of high priority for his institution.

Graphic courtesy of Coin Telegraph
So popular is cryptocurrency as an investment option that even the chief executive of the International Exchange Inc. (ICE), owner of NYSE, admits that crypto is trusted more than the Federal Reserve. 
In a recent interview with Bloomberg, ICE CEO Jeffrey Sprecher said that cryptocurrencies shouldn’t be viewed as an alternative investment, and that ICE was considering a futures contract option in the future. Sprecher went on to add, “There is a trend here we can’t ignore in my mind, so I don’t discount it. People put more faith in a guy named Satoshi Nakamoto that no one has ever met than they do in the U.S. (Federal Reserve).” – Coin Geek

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