Commentary

Erik Hoel
Traders Magazine Online News

Will The Bitcoin Bubble Pop Or Will It Envelop Us All?

Guest contributor Erik Hoel asks the question whether the worst is over for bitcoin holders, or still yet to come, what is yet to come? And why.

Traders Poll

In your opinion, what is the biggest hurdle facing the blockchain?

Cost of implementation

17%

Too many systems available

23%

Not applicable to my business

3%

Uncomfortable with the technology

33%

Nobody else is using it

23%

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March 1, 2000

Larry Cohen

By Peter Chapman

Eleven years of long hours and hard work at Spear, Leeds paid off for Larry Cohen in 1997 when he was made a partner at the age of 35. One of only 50 partners out of a staff of 2,500, Cohen was the third IT pro to catch the brass ring.

"It's a great place to work," he said. "The firm has grown in both its respect on the Street as well as its focus on technology. We've gone from a fairly small IT shop into having our business depend quite a bit on technology."

If Spear, Leeds had such a title, Cohen would be the firm's chief information officer. As it is, he is the managing director of IT. He oversees the firm's technology effort minus the areas handled by partners Tom Williams and Mike Appleby. Cohen has a staff of about 250 to help him. He graduated from Boston University with a computer science degree in 1983 and then spent three years in J.P. Morgan's IT department. Cohen joined Spear, Leeds in 1986.