Peter Briger Plans to Take Fortress Digital with Cryptocurrency Exchange

Peter Briger is President and Co-Chairman at Fortress Investment Group. As a high-ranking member of the Board of Directors, Briger is credited with finally taking Fortress public. A giant in the finance sector, and one Forbes top 400 business professionals, Briger is a driving force for investment banking. Prior to Fortress Peter served as a partner with Goldman Sachs & Company.Peter Briger is a graduate of Pennsylvania’s Wharton School of Business with an MBA, he also holds a Bachelor’s from Princeton. During his fifteen-year stint at Goldman and Sachs he served in various management, operational, and leadership roles. His tenure for the investment firm garnered him much experience, developing an impressive skill set in distressed debt, real estate, trading, loans, and foreign investments. His skills soon made Briger noticeable to other companies. Fortress picked him up in 2002.

At Fortress Peter Briger runs the real estate and credit divisions. At present Briger is leading Fortress into the digital currency market, with serious plans to begin investing within it. Cryptocurrency has been on the rise since the release of Bitcoin. The virtual money enjoyed lauded success, bringing unexpected to may early-stage investors. Although it has the moxie to become a viable asset of trade, many businesses still stay away from it. If Briger has his way Fortress will not be one of them. In as conference thrown by Fortress, Peter Briger gave a presentation detailing his plans for Bitcoin. Working with Wells Fargo Fortress will begin using cryptocurrency to move money.

This will occur through the partnership of Wells Fargo and Fortress, who will form an exchange between each other. The exchange will allow for funds to become digitized. Well Fargo has shows interest but has kept to itself. An advocate that traditional ways of moving cash are out of date, the lack of a U.S. regulatory system for Bitcoin makes it great alternative. It would be fast, have the potential of an increase in interest, and transcend exchange boundaries set up for other forms of money. The world of online currency is still new and untested, making investments into the market are risky. Although Fortress has not green-lit a large scale transfer of currency, it has been quietly buying up Bitcoin.