The world of finance is getting so interested in bitcoin that it's no longer just the land of coders.
"At this conference, one thing I immediately noticed, I have a hard time finding the nerd table," said Joseph Poon, founder of the Bitcoin Lightning Network, a system for digital payments. He was speaking on the sidelines of the Token Summit in New York, a conference Thursday that looked at the application of bitcoin's blockchain technology to business.
"For the past five years, it's always been easy to find the nerd table because it's everywhere. The conference was the nerd table. Now it seems like it's all ambassadors, and it's basically like I can only find like 10 people I can recognize here," Poon said.
Wall Street is getting more invested in digital currencies and just in time for Bitcoin to hit a record high. That may not be a coincidence.
Bitcoin has more than doubled in price this year and briefly surged to a record of $2,791.70 Thursday, before briefly erasing $400. The gains come with increased interest in digital currencies, or tokens. Bitcoin is a kind of token for which transactions are recorded in a secure accounting system called blockchain.