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Old 12-05-2013, 03:44 PM  
halfpint
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Bitcoin Price Could Reach $98,500, Say Wall Street Analysts

Now this is interesting specially this part
?Among other facets, we believe bitcoin and its associated technology represent a potentially game-changing disruption to our covered payments companies.?

The price of bitcoin could increase to as much as $98,500, according to analysts at financial services and investment firm Wedbush Securities.

A report from analysts Gil Luria and Aron Turner, which has been referenced on StreetInsider.com, takes an extremely positive view of bitcoin, suggesting digital currency has the potential to shake up the current payments space.

Titled Bitcoin: Intrinsic Value as Conduit for Disruptive Payment Network Technology, the report states:

?Among other facets, we believe bitcoin and its associated technology represent a potentially game-changing disruption to our covered payments companies.?

The authors go on to claim cryptocurrency provides a ?powerful alternative to branded networks? due to its decentralised processing, new functionality and use of market-based fees.

http://www.coindesk.com/bitcoin-pric...reet-analysts/
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