Di. Mrz 5th, 2024

• Peter Wall, former CEO of Argo Blockchain, has joined Sustainable Bitcoin Protocol (SBP) as its senior advisor.
• The goal is to ensure SBP has the appeal necessary to attract institutional investors.
• Wall spent 10 years in journalism before leading Argo Blockchain and raising $200 million during his time as CEO.

Former Argo Blockchain CEO Joins SBP

Peter Wall – the former CEO of bitcoin mining firm Argo Blockchain – has a new job. He’s stepped aboard the train of Sustainable Bitcoin Protocol (SBP) and will serve as the company’s new senior advisor.

Wall’s Goal at SBP

The goal is to ensure SBP has the appeal necessary to enter the hearts of institutional investors. It’s often been said in the digital currency arena that without institutions backing up crypto and blockchain, the industry is never going to reach the level of legitimacy so many traders and investors feel is necessary for it. Thus, it doesn’t matter how many retailers get involved. Without institutions, crypto won’t get far.

Excitement from Both Sides

SBP CEO Brad van Voorhees expressed his enthusiasm about Wall coming onboard, stating: “We are honored and excited to have Peter Wall join our team as a senior advisor… We deeply respect Peter’s understanding of the pain points and challenges within the industry and believe that he will help us improve the way we articulate our mission.“ Meanwhile, Wall himself was also very happy about being able to work with such a prominent company, explaining in a statement: „Bitcoin has a unique opportunity to become one of the world’s most sustainable asset classes within climate investing space…“

Wall’s Previous Experience

Wall spent ten years of his career working as a journalist before becoming an entrepreneur and eventually joining Argo Blockchian’s ranks as vice president of operations before eventually moving up the corporate ladder to serve as its CEO for three years. During this time he leadedthe company throught its listing on Nasdaq (clearly predecessor Coinbase) thus raising more than $200 million simultaneously ensuring all tactics were environmental friendly .

Conclusion

Peter Wall has taken on a new role at SBP where he hopes to use his experience from both journalism and entrepreneurship backgrounds coupled with his knowledge about bitcoin mining sector in order make sure Bitcoin can be sustainably used by institutional investors while meeting environmental standards

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