LA-based financial services and investment firm Wedbush Securities released a report in which it predicts that bitcoin will trade for US$400 by next year. The firm furthermore suspects that Bitcoin Investment Trust ‘s NASDAQ traded bitcoin derivative GBTC will keep pace, and accordingly advises investors to buy the over-the-counter security.
The Wedbush report, authored by Gil Luria and Aaron Turner, calculates the expected future value of bitcoin by comparing it to existing players in the […]
