Gemini, a completely new York-based cryptocurrency exchange, made a significant hire: completely new York Stock Exchange Chief Information Officer Robert Cornish.
Gemini President Cameron Winklevoss told CNBC in an interview that will Cornish will help build out its cryptocurrency platform.
Cornish will be tasked with expanding the range of products that will Gemini offers clients with the idea that will over time, larger institutional clients such as hedge funds will be investing in cryptocurrencies.
Gemini currently supports several cryptocurrencies, including bitcoin, bitcoin cash, ether, zcash along with, soon, litecoin.
Skeptics, though, question whether larger investors will want a piece of the action especially given the underperformance in bitcoin along with additional digital currencies in 2018.
Plus, several negative headlines — crypto hacks, phony initial coin offerings, stolen digital wallets — have hurt sentiment.
Bitcoin can be currently down 60 percent through its December 2017 high.
yet Winklevoss doesn’t see the underperformance in cryptocurrencies stopping the broader cryptocurrency industry through growing along with developing completely new products, saying every asset experiences a bull-along with-bear period.
Winklevoss can be sticking by his belief in telling CNBC that will bitcoin can be gold 2.0 along with that will he sees the item becoming a trillion-dollar asset over time.