Wall Street Bitcoin Fans Try to Make Real Money From Virtual
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After developing a fascination with digital currencies, Jonathan Silverman left his job managing funds at Morgan Stanley in May to take a job trading the virtual stuff instead.
As director of trading at an exchange for Bitcoin, Silverman, 25, joined a bevy of Wall Street brokers, analysts hedge funds and other speculators taking a gamble on the new currency. They are drawn to Bitcoin’s soaring value -- up about 50-fold the past year -- as well as the novelty of pioneering a new realm of finance.