Bitcoin Price poised to climb into year end, Price targets raised

Via zerohedge.com

  • “Needham’s Spencer Bogart, the analyst has raised his price target on the digital currency from $655 to $848, due to “1) Adoption trending faster than we forecasted in March, 2) Improving fundamentals, and 3) Upcoming protocol improvements that present attractive optionality for the price of Bitcoin. At the highest level, we continue to see value in Bitcoin as a “digital gold” and as a payment network that is enabling a global, open, permissionless financial system.”
  • “Aside from its upside potential, one of the most appealing aspects of Bitcoin for institutional investors in our opinion is its low correlation to major asset classes”

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