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Bookmark and Share Can China Survive Without Bitcoin?, Bitcoin Price Could Reach $98,500 Say Wall Street Analysts,

Can China Survive Without Bitcoin?, Bitcoin Price Could Reach $98,500 Say Wall Street Analysts, Bank of America "Likes" Bitcoin: http://goo.gl/zpaa7Y

According to the People’s Bank of China, it considers bitcoin a threat to China’s financial system. However it believes the digital currency carries significant potential.

“The concern is that it interferes with normal monetary policy operation,” Hao Hong, head of China research at Bocom International Holdings Co. in Hong Kong, told Bloomberg.

It represents an unofficial leakage to the current monetary system and trades globally."

Bitcoin Price Could Reach $98,500, Say Wall Street Analysts

The price of bitcoin could increase to as much as $98,500, according to analysts at financial services and investment firm Wedbush Securities.

Bank of America: "Bitcoin Has Clear Potential For Growth"

Bank of America has become the first US bank to talk openly about bitcoin, having issued a client note stating that the digital currency has “clear potential for growth”.

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Related links about Can China Survive Without Bitcoin?, Bitcoin Price Could Reach $98,500 Say Wall Street Analysts, :
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2. What would happen if the bitcoin price reached $500? - CoinDesk
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