26 Sep '16, 12pm

Investment Firm Values Bitcoin Price at $848 Over Improving Fundamentals, $2,231 By 2020

Investment Firm Values Bitcoin Price at $848 Over Improving Fundamentals, $2,231 By 2020

Advertised sites are not endorsed by us. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Needham & Company, LLC , an investment banking and asset management firm, just bumped the estimated value of bitcoin from $655 to $848, due to faster than expected adoption and improving fundamentals, according to Money Morning . The new estimate, an analysis of the Bitcoin Investment Trust (BIT), follows Needham’s original bitcoin price prediction in March. Spencer Bogart Spencer Bogart, the author of the September 22 report, said the revised estimate is based on a faster-than-expected adoption and improving fundamentals. In addition, planned improvements to the bitcoin protocol also bodes well for bitcoin price. Bitcoin: ‘Digital Gold’ Bogart continues to see bitcoin as a payment network enabling an open, global, permissionless financial system. He called bitcoin ...

Full article: https://www.cryptocoinsnews.com/needham-bumps-bitcoin-pri...

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