Katie Benner, Columnist

News of Bitcoin's Death Greatly Exaggerated

Wall Street is taking at least its technology seriously.

June 2, 2015 at 11:00 AM UTC

Katie Benner is a Bloomberg View columnist who writes about technology, innovation, and the cult and culture of Silicon Valley. She lives in San Francisco. Benner previously wrote a tech and finance column for the Information. She has worked at Fortune, TheStreet.com and CNN Money, and was a freelance writer based in China covering culture, business and politics. She has a bachelor's degree in English from Bowdoin College.

With bitcoin, who needs a middleman?
Photographer: Stephane De Sakutin/AFP

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Bitcoin startup Xapo recently announced that three financial eminences had signed on as advisory board members: former U.S. Treasury Secretary Larry Summers, former Citibank Chief Executive Officer John Reed and Visa founder Dee Hock.

The news signaled that Wall Street is taking bitcoin seriously, which may surprise those who have followed the electronic currency’s decline.