Crypto Investing #7 – What is R3Cev?

Tai: Okay could you say that again? So when you said “they”, who are you referring to?

Interviewee:

“They” are R3, where Mike Hearn went. Alright, R3’s company that started in 2014. I guess it is, you know, we just started hearing about them this year that they first signed up the 11 banks and now they got like 41 banks on board, and they’re going to build this shared ledger supposedly so that they can settle transactions among themselves, right?

It’s a private blockchain. So, that’s what’s going on. That’s like when Mike Hearn quit and he got another job. That’s where he went. So that’s probably why the price started ranting, I mean if you look at when he wrote that article and when this run started, they just pretty much line up.

Tai: You notice that Bitcoin, as we’re speaking right now, is back up to like 390 again?

Interviewee: Yeah, it’s been creeping up all day. It’s been going up like a dollar an hour or something like that. It could just slam back to 370 any minute if someone wants to sell.

Tai: Right!

 

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