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Could Bitcoin Surpass Google’s $369 Billion Market Cap?
Coin Desk ^ | 20 January 2014 | Garrick Hileman

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 bitcoin’s worth was published on 1st December by Wedbush Securities.

While Los Angeles-based Wedbush is a respected securities firm, it doesn’t 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 Wedbush’s 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 ...


TOPICS:
KEYWORDS: advertizement; bitcoin; bitcoinmarketcap; cryto; currency; google; propaganda; pyramid; scam
Good article on the potential of the technology.
1 posted on 01/20/2014 10:44:55 AM PST by Errant
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To: Lurkina.n.Learnin; nascarnation; TsonicTsunami08; SgtHooper; Ghost of SVR4; Lee N. Field; DTA; ...

Click to be Added / Removed.
2 posted on 01/20/2014 10:45:35 AM PST by Errant (Surround yourself with intelligent and industrious people who help and support each other.)
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To: All
Updated News:

Bitcoin Trading Thrives at London’s First Satoshi Square Event

Jamaican Bobsleigh Team Raises $30,000 in Dogecoins

Cigar Industry Receives Bitcoin Boost

3 posted on 01/20/2014 10:48:27 AM PST by Errant (Surround yourself with intelligent and industrious people who help and support each other.)
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To: Errant

Depressing to have missed the boat on Bitcoin.


4 posted on 01/20/2014 10:49:13 AM PST by montag813
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To: Errant

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.


5 posted on 01/20/2014 10:51:10 AM PST by Dutchboy88
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To: FReepers

Click The Pic To Donate

Support FR, Donate Monthly If You Can

6 posted on 01/20/2014 10:53:02 AM PST by DJ MacWoW (The Fed Gov is not one ring to rule them all)
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To: montag813

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?


7 posted on 01/20/2014 10:56:00 AM PST by Errant (Surround yourself with intelligent and industrious people who help and support each other.)
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To: Dutchboy88
Seems like another agenda here. Hmmm.

Nope, just more and more news rolling in by the hour! Go figure...

:)

8 posted on 01/20/2014 10:58:16 AM PST by Errant (Surround yourself with intelligent and industrious people who help and support each other.)
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To: montag813
I don't think you missed the boat. Bitcoin is still very much on the ground floor if you want to get in.

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.

9 posted on 01/20/2014 10:59:46 AM PST by SamAdams76
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To: Dutchboy88
Two More:

Bitcoin Network Is Here to Stay - Montreal Economic Institute [Forbes]

Why are Canadians buying Bitcoin? [CBC]

I'm starting to believe there really is something to this Bitcoin phenomenon! LOL

10 posted on 01/20/2014 11:09:14 AM PST by Errant (Surround yourself with intelligent and industrious people who help and support each other.)
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To: Errant
You haven’t missed the boat.

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.

11 posted on 01/20/2014 11:25:50 AM PST by montag813
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To: montag813

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.


12 posted on 01/20/2014 11:35:57 AM PST by Ghost of SVR4 (So many are so hopelessly dependent on the government that they will fight to protect it.)
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To: Errant

It appears it is gaining wider acceptance daily. Kinda like windows 8.


13 posted on 01/20/2014 11:36:46 AM PST by Lurkina.n.Learnin (This is not just stupid, we're talking Democrat stupid here.)
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To: Ghost of SVR4

The value of a bitcoin is in the billions now?

How much are tulips and beanie babies?


14 posted on 01/20/2014 11:37:54 AM PST by GeronL (Extra Large Cheesy Over-Stuffed Hobbit)
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To: Dutchboy88

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.


15 posted on 01/20/2014 11:38:52 AM PST by sten (fighting tyranny never goes out of style)
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To: Errant
I would love to see Bitcoin put the big-government/big-corporate crony-fascist complex out of the currency business.

The banksters and their government puppet-masters have stolen enough.

16 posted on 01/20/2014 11:53:30 AM PST by E. Pluribus Unum (Who knew that one day professional wrestling would be less fake than professional journalism?)
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To: sten

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.


17 posted on 01/20/2014 12:11:29 PM PST by Dutchboy88
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To: montag813

What makes you think you missed the boat. Volatility is your friend. Set up a wallet, fund it in USD, and await your moment.


18 posted on 01/20/2014 12:21:40 PM PST by pingman (In the Land of the Perpetually Outraged, truth is the enemy.)
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To: montag813
I meant I could have mined many BC's when it was in its infancy.

As a consolation prize, I'm looking at mining LC's which are valued at about $24/coin and can still be mined with a GPU.
19 posted on 01/20/2014 12:59:14 PM PST by mmichaels1970
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To: Errant

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.


20 posted on 01/20/2014 1:32:23 PM PST by Sherman Logan
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To: Dutchboy88

housing prices dropped due to numerous reasons... cutting the dollar was not one of them

my point was a thing of value whose value was controlled by the whims of someone else for political reasons and has no connection to market forces.

and yes, those ‘dollars’ in your pocket is just paper with magic scribbles on it. it has no real value as it can be, and is, diluted regularly. this is the complete opposite of gold. gold doesn’t have value because people use it for applications and jewelry... it has value because its a limited resource and cannot be easily diluted.

bitcoins have value for all the same reasons gold does (with the added benefit of being essentially weightless)


21 posted on 01/20/2014 2:16:49 PM PST by sten (fighting tyranny never goes out of style)
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To: sten
"and yes, those ‘dollars’ in your pocket is just paper with magic scribbles on it. it has no real value as it can be, and is, diluted regularly. this is the complete opposite of gold. gold doesn’t have value because people use it for applications and jewelry... it has value because its a limited resource and cannot be easily diluted."

Evidently, you have not followed the plummet of gold from, what, $ 1780 to $ 1250? There is no such thing as a stable "currency". It is all just willing buyer, willing seller. And, bitcoin is simply a crypto barter system that happens to have some followers right now, and will be just as manipulated and arbitraged as any currency...just watch.

22 posted on 01/20/2014 3:06:54 PM PST by Dutchboy88
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To: Sherman Logan
It’s an interesting idea, but it’s going to be stomped on.

Likewise the American Colonists who dared to declare their Independence.

23 posted on 01/20/2014 5:31:30 PM PST by Errant (Surround yourself with intelligent and industrious people who help and support each other.)
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To: Dutchboy88

evidently you haven’t followed the Feds manipulation of the gold price since it hit $1900. it’s blatant price fixing

of course, their manipulation isn’t bottomless... and now they’re getting called on their bs by the Germans

btw, you realize ‘dollars’ are nothing more then a place holder of value used in the bartering of goods... right? crypto currencies provide that and the assurance against dilution


24 posted on 01/20/2014 6:44:18 PM PST by sten (fighting tyranny never goes out of style)
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To: sten

Ping to 22. Same song, second verse.


25 posted on 01/21/2014 6:39:59 AM PST by Dutchboy88
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