Wall Street wants in on Bitcoin. Image via YouTube
A SF-based hedge fund is seeking a "junior Bitcoin execution trader" - here we go… pic.twitter.com/VQyNplrAtK
— Adam Besvinick (@Besvinick) January 3, 2014
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Wall Street was also the location of Bitcoin's New Year's Eve party in New York the other day, when Steve Stockman, a Republican representative from Texas, promised to sponsor a pro-Bitcoin bill. 40 Broad Street down in the Financial District is the new home of Bitcoin Center. The Big (or should I say Bit?) Apple in general is becoming a hotbed for crypto-related happenings. BOND New York, a real estate brokerage firm just announced that it would start accepting Bitcoin as payment for real estate transactions. The litany of pro-Bitcoin news has helped push the price over $800 again on Mt. Gox. Bitcoin, it appears, is as resilient as ever.The influx of more established financial players will inevitably help decrease Bitcoin’s price volatility, which currently prevents it from being a more useful currency. Expecting that in the short term, however, is probably still premature. More than half of bitcoiners expect its price to hit $10,000 in 2014, according to a CoinDesk poll. So much for stability. But of course, Wall Street wouldn’t be playing if there wasn’t money to be made.@sfnuop