Friday, May 26, 2017

Bitcoin Could Reach $98,500 According to Wall Street Analysts

Wedbush Securities Takes an Extremely Positive View of Bitcoin

Wedbush Securities Predicts Bitcoin to $98,500

Wedbush Securities Predicts Bitcoin to $98,500

Coindesk is quoting a report from analysts Gil Luria and Aron Turner of Wedbush Securities in which the acclaimed Wall Street analysts (Wedbush Securities was named top stock picking firm in 2012) believe that the value of Bitcoin could top $98,500 each, joining a growing number of analysts who are publicly stating that Bitcoin could reach six-figures. Back in May, Ex-Facebook executive Chamath Palihapitiya stated in a Bloomberg story, “If bitcoin grows into something bigger – a useful reserve currency, then watch out: Its value will far exceed $400,000.”

Coindesk reports:

“The price of bitcoin could increase to as much as $98,500, according to analysts at financial services and investment firm Wedbush Securities.

A report from analysts Gil Luria and Aron Turner, which has been referenced on, takes an extremely positive view of bitcoin, suggesting digital currency has the potential to shake up the current payments space.”

Read the full story here>>

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