Mircea Mihaescu, managing partner of SBT Ventures, will have negotiations with three cryptocurrency companies in the nearest future. According to the experienced top-manager, those who say reject bitcoin now will have a difficult time in the future.

 

Mihaescu explained his position on bitcoin in an interview published by Roem.ru:

“I am preparing for coming negotiations with three cryptocurrency companies. This is an important direction of development for our fund”

The top manager believes that regulatory rules concerning bitcoin will change soon. He notes that

“Those who say no to bitcoin will not survive in the long run. The blockchain can replace thousands of banks and apps. The question is in the management of the system. Who will govern it, who will control mining?”

For the moment, SBT Ventures has specific interests in bitcoin technology:

“We are not interested in bitcoin trusts and in buying bitcoin. We are interested in fundamental shifts  that will affect the entire financial sector”

SBT Ventures, a subsidiary of Sberbank, one of the largest banks in Russia, has invested over $50 million over the last three years. Last autumn, The Wall Street Journal reported that SBT Ventures may invest $15 million in the eToro trading platform. This Israeli startup allows clients to trade bitcoin derivatives. At the moment, SBT Ventures lists eToro in the “Porfolio” section of the corporate website.

SBT Ventures, a subsidiary of Sberbank, one of the largest banks in Russia, has invested over $50 million over the last three years. Last autumn, The Wall Street Journal reported that SBT Ventures may invest $15 million in the eToro trading platform. This Israeli startup allows clients to trade bitcoin derivatives. At the moment, SBT Ventures lists eToro in the “Porfolio” section of the corporate website. 

According to the Wall Street Journal, SBT Ventures planned to invest their money together with Ping An, a Chinese company. Israeli media declared that the two planned to allow Sberbank clients to use the eToro system. If implemented, this system would allow Sberbank clients in Eastern Europe and elsewhere to use bitcoin derivatives.