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