NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans

Larry Summers: ‘Blockchain Will Change Financial Practice’

newsbtc
newsbtc
1 year ago
2 mins read
Larry Summers

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

According to a CNBC report covering the Consensus event in New York former US Secretary of the Treasury Larry Summers told the audience how blockchain technology will disrupt the current way we handle finances. Summers gave a three-part summary of his vision of how distributed ledger technology will take hold and in the end Bitcoin will likely fall to the wayside.

During the Three-Day Consensus Event Larry Summers Details Blockchain Technology’s Vast Array of Attributes

Larry SummersThe moderated discussion was hosted by Alan Murray of Fortune Magazine and gave some insight to just how Summers feels about this emerging economy. Summers states, “I’m reasonably confident that the blockchain will change a great deal of financial practice and exchange,” Then the former Secretary of the Treasury details how the technology can reduce certain costs and frictions involved when dealing with current traditional systems. The speaker was recently added to Barry Silbert’s Digital Currency Group as an advisor.

CNBC also reported that Summers did not see eye to eye with JPMorgan Chase CEO Jamie Dimon about Bitcoin. Summers states, “Jamie’s a smart guy, but Bill Gates is a smart guy too and he said the internet’s not going anyplace.” Despite this Summers believes the government will still enforce more legislation concerning the currency and blockchain technology. Alongside this opinion, the Summers doesn’t think the technology will be “a libertarian paradise.”

Throughout the Consensus discussion, Summers highlights the innovation the technology underpinning Bitcoin and how the blockchain could make current financial systems more efficient. Summers is among many legacy institutions that believe distributed ledger technology will move far past Bitcoin in the future. The entire event was dedicated to the blockchain discussion and how it could revolutionize the economy and Internet of Things.

Giant consortiums such as R3 and many others betting on alternatives like the programmable digital currency Ethereum also seem to feel the technology doesn’t need to be the original Bitcoin. Many observers feel that in the future these competing blockchains will not provide the same innovation as its permissionless counterpart. Time will tell if blockchain proponents like Larry Summers are right. Bitcoin supporters believe these projects are no more than hyped up Swift databases with a blockchain catch phrase added to the melody.

Source: CNBC

Header Image: NewsBTC

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Franklin Templeton’s Benji-BNB Expansion Fuels FOMO Around Maxi Doge

Franklin Templeton’s Benji-BNB Expansion Fuels FOMO Around Maxi Doge

Franklin Templeton is expanding its Benji Technology Platform to the BNB Chain, making it clear once again that crypto’s integration...

Aaron Walker 1 hour ago
바이낸스 애스터(ASTER) 주간 상승률 1800% 기록... 다음 유망 코인은?

바이낸스 애스터(ASTER) 주간 상승률 1800% 기록… 다음 유망 코인은?

최근 디파이(DeFi) 시장이 전반적인 조정 국면에 접어든 가운데, 일부 프로젝트는 이 같은 흐름을 정면으로 거스르며 주목받고 있다. 영구 선물 기반 탈중앙화 거래소(Perpetu...

Soyeon Lee 1 hour ago
solana-pret-a-detroner-ethereum

Solana prêt à détrôner Ethereum ?

La hiérarchie crypto bouge. Solana concentre les regards, entre techniques percées et fenêtre réglementaire inédite. La question n’est plus théorique....

evanss 2 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin news

Bitcoin Days Away From Blowoff Or Cycle Top, Veteran Analyst Warns

Jake Simmons 17 minutes ago
Bitcoin

Fundstrat’s Tom Lee Sees Bitcoin Tripling, Ether Rising 5X By Year-End

Christian Encila 1 hour ago
Bitcoin predikce

Podle Arthura Hayese by mohl bitcoin do roku 2028 dosáhnout ceny 3,4 mil. USD

Lenka Hanzlíková 1 hour ago

Premium Sponsors

Press Releases

  • ビットコイン強気相場の終盤期に注目すべきアルトコインをディープシークが提案

    ...

    5 minutes ago
  • Khám Phá Các Meme Coin Tiềm Năng Khi Cá Voi Gom 62...

    57 minutes ago
  • pepenode crypto presale

    Tại Sao PEPENODE Có Thể Trở Thành Một Trong Các...

    1 hour ago
  • altcoin presale

    3 Alt Coin Presale Được Dự Đoán Sẽ Tăng 5000%...

    1 hour ago
  • イーサリアム...

    2 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.