David Woo Of Bank Of America Merrill Lynch: Don't Invest ...

[PDF] Bank of America's David Woo full report on Bitcoin

submitted by thematthewhudson to Bitcoin [link] [comments]

David Woo, global rates head at Bank of America Merrill Lynch - Bitcoin Is a Payment System, Not an Investment

David Woo, global rates head at Bank of America Merrill Lynch - Bitcoin Is a Payment System, Not an Investment submitted by MoreBitcoinTV to BitcoinTV [link] [comments]

Let's compile a list of the various long-term price predictions from well-known people around the world.

Here's a few to get us started... these are eventual price per Bitcoin predictions. Any others to add?
$2M-$5M - Rick Falkvinge
$700k - Max Keiser (TV show)
$400k - Bobby Lee (unknown source)
$100k - Chris Dixon, Silicon Valley VC
$40k - Winklevoss twins
$1,300 - David Woo
10$ - Mark T. Williams
$0 - Byron Wien
$0 - Peter Schiff (unknown source)
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Bank Of America Releases 14 Page Report On Bitcoin To Its Clients, Estimates Value at $1,300

So BoA has released a 14 page report on Bitcoin to its clients.
Bank of America's report said the virtual currency could become a "serious competitor" to traditional money transfer providers. Bitcoin can help users avoid high taxes, capital controls and government seizures, but also is highly volatile, the report noted. Bitcoin, at its introduction in 2009, traded for less than $1. BoA placed the currency's maximum value at $1,300 per Bitcoin and said its maximum market capitalization would be $15 billion.
"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."
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Gênio do mercado financeiro de Wall Street reconhece o poder do Bitcoin: mercado EUA x CHINA

Por Paulo Fiorio
06/12/2013
Uma coisa tem sido certa no mercado financeiro Americano, a maioria dos grandes analistas acreditam que Bitcoin é uma moeda que pode ser muito promissora a longo prazo, demonstrando uma mentalidade aberta as moedas digitais, mas poucos falam sobre o assunto, declarações são modestas e específicas.
Isso acaba de mudar, o estrategista de moeda do Bank of America / Merril Lynch, David Woo que alguns chegam a se referir com um gênio do mercado financeiro, fez sua análise:
“Acreditamos que o Bitcoin pode se tornar um dos principais meios de pagamento para o e-commerce e deve emergir como um sério concorrente aos métodos de pagamentos atuais. Como moeda de troca, o bitcoin tem óbvio potencial para crescimento.” Essa análise de Woo, pode representar o pensamento de uma das maiores instituições financeiras americanas, o Bank of America/Merril.
Na mesma análise, ele diz ainda que o Bitcoin já está na cabeça das pessoas, e que deve se tornar um dos 3 em transferência de dinheiro online.
Essa declaração de Woo, foi o maior endosso de um grande analista de Wall Street sobre Bitcoin até hoje.
A verdade é que enquanto a China prefere fechar a porta de suas instituições financeiras para o Bitcoin, motivo do queda de 30% no valor de ação nesta quinta, a mentalidade Americana do mercado financeiro parece estar se abrindo. Recentemente o presidente do FED, banco central americano, reconheceu o potencial do Bitcoin, declaração um tanto quanto óbvia a essa altura do campeonato, mas quem não está sendo muito inteligente é o banco central Chinês, já que a China é o maior mercado de Bitcoins do mundo.
Fonte: http://www.bitcoinnews.com.b
submitted by PauloFiorio to BrasilBitcoin [link] [comments]

ANTONOPOULOS - THE FUTURE OF MONEY: How Bitcoin ... OFFICIAL: Ripple & Bank of America New Patent (XRP) Bank of America Business - YouTube How to buy bitcoins using Bank of America on CoinBase How to make a Bitcoin Wallet - YouTube

American institutions such as Bank of America and JP Morgan Chase are actively exploring and registering Blockchain-related patents. Similarly, a host of European banks are teaming up with tech giant IBM to test bank transfers. Apart from recognizing the security and scalability offered by Blockchain its ability to ensure seamless transactions has seen the Santander Group link up with the ... The news came in a 14-page note sent to clients by Bank of America currency strategist David Woo. He said he believes the maximum market cap of bitcoin is $15bn, or about 1,300 USD per 1 BTC. David Woo is the Head of Global Rates & Currencies Research at Bank of America Merrill Lynch, where he researches world business markets. Woo has analyzed several areas of economics, including currency wars, Bitcoin, the renminbi, the Federal Reserve System, the future of the Euro, the relationship between weather and the USD, the American economic renaissance, and the Fed rate hiking cycle. The Scammer Sitemap provides male scammers' name list with age, location, email id and more informations about each and every scammer. In a continued attempt to compartmentalise Bitcoin, David Woo, the global rates head at Bank of America Merrill Lynch appeared on an episode of "Bloomberg Surveillance" where he espoused the use of Bitcoin the payment system while writing off bitcoin the unit of account as something one should not invest in.. In an attempt to frame Bitcoin as weak, a panellist questioned Woo if Bitcoin was ...

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ANTONOPOULOS - THE FUTURE OF MONEY: How Bitcoin ...

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