Wedbush: Wall Street Sees Opportunity in Bitcoin's Volatility
A new report from Wedbush Securities suggests the price of bitcoin will continue to be volatile - but adds that this is necessary for the market's growth and maturity. Entitled Embracing Volatility: Trading as Bitcoin's First Killer App, the latest report from the financial services firm concludes that fluctuations in bitcoin's price, far from harming the currency, will benefit its underlying infrastructure. Gil Luria, the author of the report, said: "Volatility in the price of bitcoin should not impede retailer acceptance of bitcoin, in our opinion, as merchants and payment processors are....
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