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

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:

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

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