Noted bitcoin investor Barry Silbert has resigned from his position as CEO of SecondMarket, the New York-based illiquid assets marketplace he founded in 2004 and that in 2013 made a $2m investment in the Bitcoin Investment Trust (BIT), a private trust of which Silbert remains CEO.
In a company blog post, Silbert stated that he is confident that SecondMarket has a bright future continuing its current successful business model, but that the decision is meant to allow him the freedom to focus his full energies on bitcoin.
Silbert said:
Silbert added that the move will help formally separate SecondMarket from BIT, a decision he first announced earlier this year when he indicated that BIT would seek to build a regulated, New York-based bitcoin exchange.
The move will find Bill Siegel taking over day-to-day leadership of SecondMarket as the company's interim CEO.
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In addition to serving as the head of both companies, Silbert is also an active VC, investing in more than 30 bitcoin companies through Bitcoin Opportunity Corp, a fund that most recently invested in Mexico-based digital currency company Volabit.