Wedbush Report Projects $400 Bitcoin Price By 2016
The price of bitcoin can be expected to rise to $400 over the next 12 months, according to a new report by Wedbush Securities. Authored by Gil Luria and Aaron Turner, the report begins with the goal of forecasting the future value of shares in the Bitcoin Investment Trust (GBTC), the first publicly traded bitcoin fund launched in March, ultimately concluding it will outperform its current $30.60 price to rise to $40 next year. In its calculations, however, Wedbush expands on its approach to valuing bitcoin based on its expected penetration of large target markets. The bitcoin payments....
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A new report released by Wedbush Securities on 14th February has found that bitcoin's most recent price decline in the wake of ongoing operational issues at major bitcoin exchanges is actually a sign that the ecosystem is stabilizing. Entitled 'Bitcoin: Watch the Innovation, Not the Price', the 16-page report suggests that six months ago, the consequences of such instability would have been far worse for the industry. Wedbush explained: "As a sign of price stabilization we would point out that Bitcoin has declined less than 15% in the face of its biggest and oldest exchange being crippled....
Wedbush Securities has issued a new report on bitcoin, concluding that its recent boost in VC funding could unleash its disruptive potential in the long run. The report, titled 'Timing and Sizing the Era of Bitcoin', examines emerging opportunities for bitcoin and its potential effects on various industries. Wedbush analysts Gil Luria and Aaron Turner believe bitcoin could have a profound effect on trust-based markets, payments markets and a range of other industries, including the Internet of Things (IoT). The analysts think the disruption from bitcoin will take longer than expected, but....
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 1 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....
Wedbush Securities, a very large investment banking and brokerage firms is looking to hire a Bitcoin director to oversee all aspects of Bitcoin transactions within the firm. According to the Wedbush website, the position opening went live on January 8th 2015 and Wedbush seek to fill the position as soon as possible. After acquiring holdings in the Buttercoin Bitcoin exchange last year, Wedbush Securities wish to further expand their reach as well as continue to look into the technology for the future. Also read: Wedbush Securities Acquires Holdings in Buttercoin Bitcoin Exchange Service.....
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....