[2015-07-10] CD: Wedbush Report Projects $400 Bitcoin Price By 2016

[Grand_Voyageur]

Wedbush Report Projects $400 Bitcoin Price By 2016

The price of bitcoin can be expected to rise to $400 over the next 12 months, according to a new report by Wedbush Securities.

Authored by Gil Luria and Aaron Turner, the report begins with the goal of forecasting the future value of shares in the Bitcoin Investment Trust (GBTC), the first publicly traded bitcoin fund launched in March, ultimately concluding it will outperform its current $30.60 price to rise to $40 next year.

In its calculations, however, Wedbush expands on its approach to valuing bitcoin based on its expected penetration of large target markets. The bitcoin payments network, it suggests, could end up powering 10% of online payments and 20% of global remittances by 2025.

Full story: http://www.coindesk.com/wedbush-report-projects-400-bitcoin-price-by-2016/

[LiteCoinGuy]

just after a bank or wedbush (i dont know anymore) projected a fair price of 1200,- USD for bitcoin in 2013, the price went down to 600 USD  

when they projected the 1200 price, bitcoin was at 1100,- USD..... so just add 100 USD and you can make a solid projection   !