Bitcoin has become a major deal in the financial world. While there are people who stand on both sides of the fence in this regard, Peter Briger of Fortress Investment Group is squarely on the side of those who support the use of cryptocurrency.Fortress Investment Group is not always associated with cryptocurrency. They are mostly known as a global investment firm that works in the world of asset management. They manage accounts for private investors and institutional clients alike. Since Washington lawmakers seem to be reticent to embrace cryptocurrency, Fortress Investment Group has been slow to make inroads. However, this is all about to change. Thanks to a group of legislators who are committed to altering the stigma that surrounds the usage of cryptocurrency, longtime evangelists like Peter Briger may soon have their day in the sun.The Democratic party has a candidate who is willing to stand next to people like Briger and amplify their voices.
Brian Forde is in the process of fighting for a California Congressional seat and the results of this race could go a long way towards determining the future of Bitcoin.In the midst of all this discussion, Peter Briger’s long time struggle to bring cryptocurrency to Wall Street and other legitimate venues has been underscored. Wall Street is now getting into the business of Bitcoin but this is after many efforts were made by forward thinkers like Briger. The first meeting between Briger and executives from Wells Fargo would take place in 2013 and it set the tone for everything else that happened next. Briger correctly surmised that banks would want to get in on cryptocurrency earlier so that they could eventually utilize Bitcoin and come up with a regulated exchange that would allow for more widespread adoption.The Fortress Investment Group team that was put together for this presentation provided the Wells Fargo executives with all of the information that they would need in order to make the right decision.
Briger was particularly intrigued by the fact that Bitcoin could function as a form of digital gold if necessary and he liked that it could be sent to any part of the world instantly.Wells Fargo ended up pulling back and the stage is now set for crypto to become a part of our daily lives. Since Forde has a great deal of experience with cryptocurrency and the support of various evangelists, observers are quietly confident about the future prospects. In the wake of the $3.3 billion SoftBank acquisition, Fortress Investment Group will have the chance to utilize their new parent company’s infrastructure to bring the company forward. SoftBank has the necessary understanding of how technologies will affect their bottom line going forward and they are not looking to change the manner in which Fortress takes care of its business.With a potential ally in Congress and the financial might of SoftBank behind them, the future is bright. For Peter Briger, this is merely the culmination of a very arduous five year journey.