INSIDE BITCOINS NYC - Wall Street's Fair Value of Bitcoin (Panel Talk)

[pmelt]

Hey guys - I'm the host of the Coinsider This! podcast and I recorded the following panel at Inside Bitcoins NYC on April 8, 2014 with permission from MediaBistro.

WALL STREET'S FAIR VALUE OF BITCOIN

An increasing number of Wall Street firms are beginning to make make forecasts about the price and impact of Bitcoin. From Merrill Lynch's 14 page research report that implied a fair value of $1,300 for Bitcoin, to Wedbush Securities prediction that Bitcoin represents a long term threat to Visa and MasterCard, Wall Street is taking notice. Thought leaders from Wall Street will discuss the new frameworks they're developing to understand Bitcoin, the potential value of the crypto currency, and the global impact they're telling clients that Bitcoin could have across the global financial, technological, and consumer landscape.

Lou Kerner (Moderator) - Founder and Analyst, The Social Internet Fund
Gil Luria - Managing Director, Wedbush Securities
George Samman - COO, BTC.sx
Greg Schvey - Partner, TradeBlock
Barry Silbert - Founder & CEO, SecondMarket

YOUTUBE: https://www.youtube.com/watch?v=940DzlkcuvU

COINSIDER THIS PODCAST VERSION (MP3):
http://www.coinsiderthis.com/2014/04/10/coinsider-this-show-20-wall-streets-fair-value-of-bitcoin/

I hope you guys find it appropriate today!

[twiifm]

The MML report actually said it was worth $1300 if these things were to happen:

"Our fair value analysis suggests that to justify the current Bitcoin valuation, it will need to (1) account for at least 10% of all global e-commerce B2C transactions, (2) become one of the top three players in the money transfer industry, and (3) acquire a store of value reputation close to silver."

[moug]

Western Union and maybe bank transfers will be hit hardest, the CC's are not at risk as most people will still use them. All the scammer's use WU. You are Not protected at all with Western Union without a escrow..

[bryant.coleman]

Western Union and maybe bank transfers will be hit hardest, the CC's are not at risk as most people will still use them. All the scammer's use WU. You are Not protected at all with Western Union without a escrow..

Before taking down the Western Union, Bitcoin will first exterminate Paypal.