It is “overwhelmingly likely” that the financial industry will adopt uses for the technology underpinning bitcoin, former Treasury SecretaryLarry Summers said.
“I’m reasonably confident … that the blockchain will change a great deal of financial practice and exchange,” he said Tuesday from the Consensus 2016 event in midtown Manhattan, adding that his bet on the future of finance would see “40 years from now, blockchain and all that followed from it will figure more prominently in that story than will bitcoin.”
