INVESTOR MICHAEL TERPIN ON BITCOIN CONSUMER ADOPTION: “THE CONSUMER MARKET IS RESPONDING”

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Well-known Bitcoin investor Michael Terpin believes Bitcoin is now at the point in its evolution where Bitcoin firms can reach out directly to the consumer, citing Purse.io as an example of success in this pursuit.  “I think now we are the moment in Bitcoin where enough of the infrastructure has been built up we can serve the consumer,” Terpin said. “In January 2014, I said at a conference that you could not have the Google of Bitcoin until you have the Yahoo, and you can’t have the Netscape until you have the Cisco. Cisco is the mining equipment and brick-and-mortar of the Bitcoin system.” In Terpin’s opinion, Bitcoin has evolved in numerous ways quickly, allowing for Bitcoin to start reaching out to the consumer. “Today we are dramatically further ahead in terms of quality of wallets and security and Two-Factor Authentication and multi-signature. This is all the stuff that didn’t exist or was very nascent when I first got into Bitcoin in the first part of 2013,” Terpin said. “We’re now at the point with companies like Purse.io and some other companies that are beginning to touch the consumer market and the consumer marketplace is responding and are having success.” …