Gil Luria : Bitcoin and Blockchain Have Their Own Futures
Gil Luria from the WedBush Securities describes the future of bitcoin and blockchain technology on Bloomberg. While Bitcoin still receives a cold shoulder from many mainstream banking and financial institutions, its underlying technology has become the talk of the town. Blockchain technology is now being increasingly recognized by many industries, most of whom have already taken enough interest to invest time and money in its research. As a part of its coverage into bitcoin and blockchain technology, Bloomberg has interviewed Gil Luria from Wedbush Securities about the future of blockchain....
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Wedbush Securities has revised its 12-month projections for the price of bitcoin, revealing it expects the price to rise to $600 over the next year. The estimate represents a revision of a $400 price projection issued in June. At the time, the financial services firm indicated its belief the share price for the Bitcoin Investment Trust (GBTC), the first publicly traded bitcoin fund, could rise to $40 over the next 12 months. This figure has been revised upwards to $60 in the latest report. Report authors Gil Luria and Aaron Turner stated that they believe the sharp increase in bitcoin's....
With Inside Bitcoins NYC 2014 fast approaching, event organisers continue to roll out more information about what its thousands of anticipated visitors can expect during the two-day conference on 7th April and 8th April. Inside Bitcoins, to be held at the Javits Convention Center, most recently revealed via its website that American Banker executive director Marc Hochstein, with support from Wedbush Securities' Gil Luria, will be giving the keynote for day two's events. The announcement finds Hochstein and Luria joining Circle CEO Jeremy Allaire and Blockchain CEO Nicolas Cary on the list....
The last 24 days mark the longest period in which bitcoin prices have been less volatile than gold prices, going back to 2010, according to The Wall Street Journal. Some see this as a sign of investor perception of bitcoin as a safe store of value. Not one for lack of volatility, bitcoin has witnessed wild price changes from the beginning. Bitcoin watcher Gil Luria, managing director at Wedbush Securities, who covers payments and e-commerce, stated that the cryptocurrency has taken on a role similar to gold as its usage has grown. Holding bitcoin, like gold, can appeal to investors who see....
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....
Wedbush Securities issued a new report today in which it examines how bitcoin evolved in 2014 and why, despite challenges, it believes the ecosystem will bolster its still nascent infrastructure in 2015. The 13-page report is the latest from the US financial services and investment firm, which has been among the more outspoken players in the finance industry on the subject of digital currencies. Though wide-ranging in its analysis of the bitcoin ecosystem, perhaps the most notable comment from Wedbush addressed the ongoing outage at leading US dollar bitcoin exchange Bitstamp, which it....