Posted on 01/20/2014 2:25:38 PM PST by TsonicTsunami08
Just how big a financial opportunity is Bitcoin?
Recently, Wall Street has been starting to ask that very question, paying more and more attention to the upstart alternative currency.
The first analysis by a registered broker dealer which attempted to value bitcoin’s worth was published on 1 December by Wedbush Securities.
While Los Angeles-based Wedbush is a respected securities firm, it doesn’t count itself among the first-tier of investment banks, or the ‘bulge bracket’ as its known on Wall Street. The Wedbush research report contained some novel analysis and perspective, but it was also ‘light’ in that it weighed in at just one and a half pages.
(Excerpt) Read more at coindesk.com ...
What backs it is the worldwide, open ledger of the amount of bitcoin minted. Everyone knows what’s out there, and the exact amount.
While it is true you can lose your bitcoin, like you can lose your gold, it is impossible to PRINT bitcoin.
This is what scares the fecal matter out of governments everywhere. The end of QE as a way of monetizing your debt. Bitcoin has become the most reliable way of measuring asset inflation and deflation.
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