Bitcoin Target Price - December 2016
Bitcoin's bullish trend is fueled by continued devaluation of the Chinese Yuan and the threat of a Fed rate hike; top-flight Wall-Street and Hong-Kong analysts have recently raised their Bitcoin target prices.
Bitcoin Report 2016 by Needham & Co.
The Needham report (published 22nd of September 2016) forecasts that the bitcoin price will reach $848 in the near future and summarizes that;
Ultimately, and contrary to popular narrative, we see Bitcoin's fundamentals trending very favorably. We find the outlook very encouraging, and we believe the short- to intermediate-term horizon is among the most exciting Bitcoin has seen.
Based on Coindesk research, bitcoin prices can grow exponentially over the next coming years.
Portfolio managers seeking alternative asset may consider the digital currency as a way to diversify their investments, to boost their performance and to improve their sharpe-ratio.
ARK & Coinbase Report
ARK Invest and Coinbase explore the merit of bitcoin as the first of its kind in a new asset class - distinct from all other asset classes. (2016)
McKinsey : Blockchains In Capital Markets
Distributed ledgers, or blockchains, have the potential to dramatically reshape the capital markets industry, with significant impact on business models, reductions in risk and savings of cost and capital. (2015)
Why Bitcoin Matters
In 2014, the Netscape founder and venture capitalist Marc Andreessen wrote a piece for New York Times explaining why Bitcoin is the biggest deal since the internet.
In 2008, Satoshi Nakamoto introduced a whitepaper describing Bitcoin: A Peer-to-Peer Electronic Cash System that laid the framework for the bitcoin platform that was introduced by Nakamoto on 2009.