Skip to comments.Could Bitcoin Surpass Google’s $369 Billion Market Cap?
Posted on 01/20/2014 10:44:55 AM PST by Errant
Just how big a financial opportunity is bitcoin?
Recently, Wall Street has been starting to ask that very question, paying more and more attention to the upstart alternative currency.
The first analysis by a registered broker dealer which attempted to value bitcoins worth was published on 1st December by Wedbush Securities.
While Los Angeles-based Wedbush is a respected securities firm, it doesnt count itself among the first-tier of investment banks, or the bulge bracket as its known on Wall Street. The Wedbush research report contained some novel analysis and perspective, but it was also light in that it weighed in at just one and a half pages. In short, it was not yet clear just how interested Wall Street was in bitcoin.
However, when bulge bracket member Bank of America Merrill Lynch (BAML) and its well-regarded currency analyst David Woo followed Wedbushs lead with a detailed 11-page report and valuation analysis, it became clear that Wall Street was taking the cryptocurrency seriously.
(Excerpt) Read more at coindesk.com ...
Depressing to have missed the boat on Bitcoin.
This is like the third article today on Bitcoin. Are you speculating in this “currency”. Last week, it was just about the wisdom of avoiding a “government controlled currency”, but now you are essentially advertising it and promoting its conversion rate...$ 954??? Seems like another agenda here. Hmmm.
You haven’t missed the boat. What’s really depressing is to work your entire life accumulating savings to only see them worth less and less. The Almighty only knows how much interest has been stolen from savers since the Fed started its ZIRP. And wouldn’t it be a great to have a medium of exchange that held its value while easier and cheaper to use than plastic and under your control instead of the government or central banksters?
Nope, just more and more news rolling in by the hour! Go figure...
I'm still going to sit it out a while longer but I'm less skeptical about it than I was a few months ago. I think this Bitcoin might have legs.
I'm starting to believe there really is something to this Bitcoin phenomenon! LOL
I meant I could have mined many BC's when it was in its infancy. Now that is technologically not feasible. I suppose I could just buy them, but if it is truly in its infancy there must be larger biz opps for brokering/managing the market.
There are alternative coins as well. If you have 50 bucks to part with, open a wallet and get on the exchanges so you can get an understanding now of how it works. BTC isn’t the only ledger out there and while there is a learning curve, it gets easier and easier.
It appears it is gaining wider acceptance daily. Kinda like windows 8.
The value of a bitcoin is in the billions now?
How much are tulips and beanie babies?
how would you feel if the value of your house would drop by 50% on the whim of someone 1500 miles away? that’s what happened in 2009 when 0bama took office and doubled the M1 money supply, diluting the dollar.
this cannot happen with crypto currencies.
the value will still fluctuate due to market demand... but at least it’s not on a whim.
The banksters and their government puppet-masters have stolen enough.
Oh, my FRiend, if you believe that the change in housing prices was because of something O said or did, you are going to be sadly shaken when another “crypto currency” adjustment happens. Who will you blame then? The bitcoin has already gone from, what $ 9 to $ 1250 and back to $ 900? You go ahead and ride the fantasy train...we’ll watch.
What makes you think you missed the boat. Volatility is your friend. Set up a wallet, fund it in USD, and await your moment.
I do not believe for a moment that governments, and not just the US, will allow any such technology to impact their control of the currency, which has been for three thousand years one of the absolutely key markers of sovereignty.
It’s an interesting idea, but it’s going to be stomped on.
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