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Bitcoin the new gold? Yes, says one Wall Street strategist who sees a 21-fold surge
Bitcoin $55,000? Fundstrat's Tom Lee, one of the biggest equity bears among the major Wall Street strategists, says it's possible, but not necessarily for the reasons many bitcoin bulls have suggested.
South Korea Legalizes Bitcoin International Transfers, Challenging Traditional Banks.
Starting next week, Bitcoin will be on the approved list of technologies that can move payments across the South Korean border. Fintech companies in the country will be able to obtain a permit allowing them to legally offer Bitcoin international transfer services.
"What we like is that the Blockchain team, run by co-founders Peter Smith and Nic Cary, have built a platform that will allow them to be the custodian of any digital assets should alternate use cases of Blockchain technology reach critical mass," he wrote.