Bitcoin forecast for end 2018: Wall Street consultancy says to under USD 1800

Author: Eamonn Sheridan | Category: News

BTC price prediction from Quinlan & Associates, they say they have used multiple valuation methods

  • "As an asset, we valued Bitcoin using a cost of production approach and a store of value approach, resulting in values of USD 2,161 and USD 687 respectively.
  • To value BTC as a currency, we estimated its utilization for both legal, retail transactions payments, as well as payments in the black market.
  • After significant testing, we calculated the price of BTC 1 to be USD 1,780."
Says bitcoin is a bubble "waiting to burst."

There is more on the story here at Business Insider