Merrill Lynch don't agree with either of you.
Estimate the value of $1,300
Its strange that a bank would be bullish about bitcoin considering they have most too loose from its success - Unless its a double bluff..
For me Bitcoin is an all or nothing bet; If it becomes a functional practical currency, then its benefits and cost savings mean it would replace traditional currency transactions all together.. making a valuation of $40k a bitcoin not unfair, but if it doesn't its nothing more than $0.
http://fiatleak.com - shows all bitcoin transactions happening worldwide in realtime, still a long way to go.
Merrill Lynch don't agree with either of you.
Estimate the value of $1,300
Its strange that a bank would be bullish about bitcoin considering they have most too loose from its success - Unless its a double bluff..
http://www.ibtimes.com/bitcoin-worth-1300-merrill-lynchs-case-virtual-currencys-value-9-charts-1496744
For me Bitcoin is an all or nothing bet; If it becomes a functional practical currency, then its benefits and cost savings mean it would replace traditional currency transactions all together.. making a valuation of $40k a bitcoin not unfair, but if it doesn't its nothing more than $0.
http://fiatleak.com - shows all bitcoin transactions happening worldwide in realtime, still a long way to go.