"We believe Bitcoin can become a major means of payment for e-commerce and may emerge as a serious competitor to traditional money transfer providers," analysts at Bank of America's Merrill Lynch wrote in a 14-page research note to investment clients Thursday morning. "As a medium of exchange, Bitcoin has clear potential for growth in our view."
China Govt. regulating more,
The new rules prohibit financial institutions in China from trading, underwriting or offering insurance in bitcoin. In addition, websites in China that provide trading services are required to report investors' identities to regulators and take steps to prohibit money laundering.
Hoping after holidays (and people stop liquidating to pay for stuff) BTC runs up to 1.2k to 1.5k
