Wedbush: bitcoin will emerge from the downturn, the U.S. economy accounted for 20% of the stir material industry

Wedbush: bitcoin will emerge from the downturn, the U.S. economy accounted for 20% of the stir material industry

   

In May 29, Bloomberg, Wedbush Securities Inc. analyst pointed out that bitcoin may be one to three years after being more widely adopted, and poses a challenge to some industries. This virtual currency last year soared above $1100 after a decline of more than 50%.

Luria and Aaron analyst Gil Turner said Tuesday in a research report pointed out that venture capital investment in the bitcoin field less than three months has doubled, the programmer is to strengthen the security of bitcoin. The two analysts said, with bitcoin acceptance increased, it will erode the global payments created more than $300 billion in revenue, and challenge the U.S. gross domestic product accounts for about 20% of the industry. The stirring affect bitcoin longer than expected, but its effect also more far-reaching than expected, “two analysts pointed out that bitcoin related technology will be in the next few years and decades churning and other payment market trust based on market.

Forecast and financial industry leaders such as expressed in the character’s point of view be quite different. JP Morgan chief executive Jamie Dimon said that in the governments use provisions of other payment system constraints and standard management of bitcoin, this virtual currency may not support it. Billionaire investor Buffett said that if the bitcoin can persist for 10 years, 20 years, he will be surprised.

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