Bitcoin continues to persevere through anything and everythingthrown at it: fraud schemes, thefts, rulings from the People’s Bank of China, etc.
Prices have now recovered to more than $800 on the Mt. Gox exchange after falling below $500 late last year.
So we are not totally surprised to see increasing coverage of the cryptocurrency by Wall Street analysts.
In a new note to clients, Wedbush analyst Gil Luria lays out which companies Bitcoin and/or cryptocurrencies in general could boost, and destroy.
“We believe Bitcoin and its associated technology represent a potential disruption to our covered companies,” wrote Lauria. “Furthermore, we believe Bitcoin’s potential lies beyond the ‘coin’ as the underlying blockchain protocol can be used to replace traditional intermediaries by acting as an exchange mechanism for a multitude of transactions.”
Check out the winners and losers at the rest of the article, here: http://www.businessinsider.com/winners-and-losers-in-bitcoin-2014-1#ixzz2pNYoZZXv
Welcome to what we’ve been saying since 2009…
I have no time for Idiotic ‘wall street analyst’, seems like most of them are amateurs at best. I guess the real pros are busy trading, not writing silly articles.