Bitcoin Worth $1,300: Merrill Lynch's Case For Virtual Currency's Value In 9 Charts

 @gmorcroftg.morcroft@ibtimes.com
on December 05 2013 9:45 AM
Bitcoin Exchange Map
An animated map shows the real time flow of the world's money into Bitcoin. fiatleak

Bank of America Merrill Lynch on Thursday published a research report on bitcoin suggesting that the virtual currency could be worth up to $1,300. The firm stated its thesis as follows:

bitcoin10 Is bitcoin a bubble?  Bank of America Merrill Lynch

Then Merrill followed up with these nine charts showing how it reached its conclusion.

mbitcoin1 Chart 1  Bank of America Merrill Lynch

mbitcoin2 Chart 2  Bank of America Merrill Lynch

mbitcoin3 Chart 3  Bank of America Merrill Lynch

mbitcoin4 Chart 4  Bank of America Merrill Lynch

mbitcoin5 Chart 5  Bank of America Merrill Lynch

mbitcoin6 Chart 6  Bank of America Merrill Lynch

mbitcoin7 Chart 7  Bank of America Merrill Lynch

mbitcoin8 Chart 8  Bank of America Merrill Lynch

mbitcoin9 Chart 9  Bank of America Merrill Lynch

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