Reuters/Brian Snyder
The rapid rise of bitcoin, the red-hot cryptocurrency up more than 400% this year, has Wall Street abuzz.
Still, despite its meteoric rise, bitcoin by many measures is still in its very early days. Bitcoin and other cryptocurrencies are used, for instance, by a very small percentage of people and institutions are just starting to look at building out a sophisticated market around the space.
"We are in the third inning of a burgeoning new asset class," said BlockTower Capital cofounder Matthew Goetz in a recent interview with Business Insider.
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