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

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

“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,” wrote Bank of America currency strategist David Woo in a 14-page note to clients this morning. “As a medium of exchange, Bitcoin has clear potential for growth, in our view.”