907, 2015
Fuel for Promising Technology in Early Days of Disruption
We believe bitcoin and its associated blockchain technology have the potential to disrupt the existing financial infrastructure over the next few years. We believe the value of the bitcoin currency (BTC) will benefit from this trend and therefore are initiating coverage of GBTC with an OUTPERFORM rating and $40 price target.
2006, 2014
Bitcoin – a virtual currency
The Federal Financial Supervisory Authority (BaFin) assigns BTC legally binding as financial instruments in the form of the unit of account (section 1 (11) sentence 1 of the German Banking Act).
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