Bank of America: The Bitcoin could become a primary means of payment

It is the first analysis of the criptomoneda made ​​by a Wall Street bank .
Analysts at Bank of America Merrill Lynch published a report on Bitcoin , concluding that it has the potential to become a " primary means of payment for e -commerce" and a " serious competitor to traditional money transfer providers ."
If Bitcoin are amplified , Bank of America estimated that the price will reach USD $ 1,300 per coin.
However, given the rapid price rise experienced by the value of bitcoin , currency is in danger of "going faster than their fundamentals." In August, the bitcoin was worth $ 100 and now is over USD $ 1,000. According to Bank of America , the rise is related to the interest in the currency that exists in China.
The report also reviews the disadvantages of bitcoin , which are discussed in the same community on the Internet: price volatility does not encourage the use of currency transactions are delayed 50 minutes to process, and has no clear legal status. Governments have incentives to oppose the bitcoin if it grows much , the report said.
It also indicates that exchange services where people buy and sell bitcoins were not reliable , as reflected in the known theft and hacking in the past.
This is the first report of a Wall Street bank this criptomoneda , which debuted in 2009. It seems that with the increase in value , banks are tomándosela more seriously.