Wedbush report - Embracing Volatility: Trading as Bitcoin's First Killer App

[CLains]

 

[santaclause102]

https://equities.wedbush.com/clientsite/Research/ActionAlertFilePreview.asp?UUID=6B2CD54D-EFE9-44CC-B741-0E7B9AFCC260&ViewerID=1CE41D7D-B184-45DA-AF98-1334A2E3030F

Well writen, realistic perspective imo.

We believe traders value volatility as they continue to gravitate to bitcoin trading as an active 24/7 market
uncorrelated with other asset class returns.  [...] conversation with bitcoin traders (and
Wall Street traders trading bitcoin) lead us to believe they see opportunity in a market that has frequent disruptive news flow
and large movements that reflect that news flow.

Since economic activity (sale of goods & services, money remittance, P2P) is intermingled with trading activity, we
believe the trading activity is helping create the network capacity and monetary base to support the future economic
applications of bitcoin