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Cause and Effect
FX and Rates | Global
05 December 2013 (Corrected)
Bitcoin: a first assessment
David Woo +1 646 855 5442
FX and Rates Strategist
MLPF&S
Tamper-proof, limited supply and divisibility david.woo@
We believe Bitcoin can become a major means of payment for e-commerce and Ian Gordon +1 646 855 8749
may emerge as a serious competitor to traditional money transfer providers. As a FX Strategist
MLPF&S
medium of exchange, Bitcoin has clear potential for growth, in our view. ian.gordon@
Vadim Iaralov +1 646 855 8732
Store of wealth for the underground economy? FX Strategist
It has been reported that Bitcoin may help users avoid high taxes, capital controls, MLPF&S
and confiscation. The correlation between CNY's share of volume of all Bitcoin vadim.iaralov@
exchanges and price of Bitcoin
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