Just from from the press:
http://www.usatoday.com/story/money/business/2013/12/05/bitcoin-china-pboc/3876727/
Bank of America's report said the virtual currency could become a "serious competitor" to traditional money transfer providers.
BoA placed the currency's maximum value at $1,300 per Bitcoin and said its maximum market capitalization would be $15 billion.
the maximum value thing is obviously something they pulled out of their ass, based on the ceiling of the past 7 days. 7 days is hardly a profound base for such a prediction. I guess they hope it.
Anyway, the 'strong competitor' remark is pretty positive, for a bank. All the other banks in the world don't know how fast they have to come out with 'negative advise', because when btc is the new standard everyone of them is out of business.
And what do you think it will do to the present value? I don't see alot of movement in the bitcoin exchange (yet). Will there be a nice dip to buy this month? Bitcoin seems too trusted already for a minor crash, that we could see 12 hours ago when the news from china came out... just a little dip and within 12 hours back on 1100
Topic: bank of america's statement effect on bitcoin? (Read 513 times)
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