Analysts at Bank of America’s Merrill Lynch wrote a 14 page reserach note to investment clients airing their view that “As a medium of exchange, Bitcoin has clear potential for growth”. (Refer article here) .
It is also reported that BTC s are increasingly being used in physical society transactions as well with Business Insider reporting that a Telsa car was purchased with the use of BTCs.
These are some of the developments that may have long term impact on the cryptocurrency markets and we need to take note of.
Naavi
