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."

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