Wall Street Gathers at Bitcoin Conference to Figure Out What Exactly Bitcoin Is

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I've been to quite a few bitcoin gatherings, where the standard attire is a sweaty T-shirt and sneakers. This week's Digital Currencies conference in New York was different. It felt more like a Wall Street confab than the usual fellowship of the neckbeards.

The suits were out in full force at the bitcoin convention on July 29, organized by American Banker. In attendance were representatives from Visa, Citigroup and other financial institutions.