‘Buy Bitcoin,’ PwC Fintech Director Tells Fordham Students

Fordham blockchain panel

Representatives from each of the ‘Big Four’ global auditing firms were in attendance yesterday at New York’s Fordham University to discuss blockchain in the capital markets.

There, members of Accenture, Deloitte, EY, KPMG and PWC joined blockchain startup ConsenSys to discuss the future of the industry and to provide career advice to students on the cusp of beginning their professional careers.

While no companies provided new insight into their public strategies, their off-the-cuff remarks shed light on how traditional financial institutions are becoming more comfortable with the increasingly nuanced technology.

When given an opportunity to address the crowd, Subhankar Sinha, a PwC fintech director, told students that the best way to get involved in the industry is to buy and hold bitcoin and ethereum.

Sinha told the crowd:

“Buy it with your own money. That will give you a tremendous dividend. You have to put yourself in uncomfortable situations. Have an open mindset.”

Positive predictions

Elsewhere, there was discussion about how the industry might evolve over time.

An introduction from Fordham professor Yuewu Xu outlined the history of blockchain, drawing analogies to the TCP/IP protocol – an internet technology developed in 1983, but that did not gain mainstream adoption until 1995.

“Using

Read more ... source: CoinDesk

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