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  • http://www.businessinsider.com/baml-initiates-coverage-on-bitcoin-2013-12#ixzz2mbfjaSfs

    I would like to see David Woo's note. Assuming it is reasonable key points are Bitcoin could have a value of 1BTC = 1300 USD, but only if it becomes
    (1) a major player in both e- commerce and money transfer and
    (2) a significant store of value with a reputation close to silver

    Strikes me that the current value has those assumptions priced in, so anyone buying at this level is nuts.

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