BOOM: A Major Wall Street Bank Just Initiated Coverage On Bitcoin And Identified

[pabloangello]

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

Nice 'answer' for todays China fuss.

[BitchicksHusband]

Assuming Bitcoin 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, our fair value analysis implies a maximum market capitalization of Bitcoin of $15bn (1BTC = 1300 USD).

Nope.  It's just Bank of America trying to kill bitcoin in yet another way.

Fair?  It's already at almost $1300 without doing anything they said.  If it started doing what they said, the market value would be more like $35,000-$40,000, wouldn't it?

[tsoPANos]

I looks like bitcoin attracts a lot of attention... 

[pabloangello]

So they just discovered bitcoin and "analyse" that the fair value is precisely 10% above yesterday's value, 5% above last week's ATH

I want that job !

Yes most of their job is that : predicting the present.

It's good they are talking that it is valuable. They realized that they can't avoid it so want to be part of it.
Wall Street spreads the news it's good dude!

[Sindelar1938]

Good news cos this means Wall Street customers are asking for more research offerings on btc

Quality of said research secondary at this point...

[Sindelar1938]

The herd mentality on Wall Street would indicate that other banks will initiate btc coverage also in due course

[zimmah]

15 billion?

http://www.youtube.com/watch?v=jTmXHvGZiSY