Bitcoin seen at USD 1780 by end-2018 - Quinlan & Associates
|The Wall Street consultancy firm, Quinlan & Associates, predicts the price of Bitcoin to be under USD 1800 for end-2018.
Key Quotes via Business Insider:
"As an asset, we valued Bitcoin using a cost of production approach and a store of value approach, resulting in values of USD 2,161 and USD 687 respectively.
To value BTC as a currency, we estimated its utilization for both legal, retail transactions payments, as well as payments in the black market.
After significant testing, we calculated the price of BTC 1 to be USD 1,780."
Bitcoin is a bubble "waiting to burst."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.