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Bitcoin the new gold? Yes, says one Wall Street strategist who sees a 21-fold surge
Bitcoin $55,000? Fundstrat's Tom Lee, one of the biggest equity bears among the major Wall Street strategists, says it's possible, but not necessarily for the reasons many bitcoin bulls have suggested.
South Korea Legalizes Bitcoin International Transfers, Challenging Traditional Banks.
Starting next week, Bitcoin will be on the approved list of technologies that can move payments across the South Korean border. Fintech companies in the country will be able to obtain a permit allowing them to legally offer Bitcoin international transfer services.
Wall Street Journal: Bitcoin 'Need Not Compete With Dollar' For 'Respect'
The Wall Street Journal has joined the increasing number of mainstream news sites newly bullish on Bitcoin.
In an
article Monday, Northwestern University law professor John O. McGinnis led a buoyant appraisal of the virtual currency's potential versus government-controlled fiat.
"To continue to flourish, Bitcoin does not have to become a more stable store of value than the US dollar," he wrote together with lawyer Kyle W. Roche.
"What we like is that the Blockchain team, run by co-founders Peter Smith and Nic Cary, have built a platform that will allow them to be the custodian of any digital assets should alternate use cases of Blockchain technology reach critical mass," he wrote.
