"We believe Bitcoin can become a major means of payment for e-commerce and may emerge as a serious competitor to traditional money transfer providers," wrote Bank of America currency strategist David Woo in a 14-page note to clients this morning. "As a medium of exchange, Bitcoin has clear potential for growth, in our view."
source:
http://www.businessinsider.com/baml-...itcoin-2013-12
In case you are wondering who David Who is:
"Dr. David Woo is the Head of Global Rates and Currencies Research at at BofA Merrill Lynch, Research Division. He is a Member of the Research Executive Management Committee at Merrill Lynch & Co., Inc. Dr. Woo is responsible for forecasting the G10 currencies, as well as managing regional interest rate research teams. He joins BofA Merrill Lynch Global Research from Barclays Capital Inc., where he served as Head of Global Foreign Exchange Strategy for the past six years, and as Head of Global Technical Strategy for the past two years. Before joining Barclays, Dr. Woo spent four years at Citigroup, Inc. as Head of Local Markets Strategy for Europe, the Middle East, and Africa. He began his career as an Economist at the International Monetary Fund in Washington, D.C. and has a Ph.D. in Economics from Columbia University."
source:
http://investing.businessweek.com/re...onId=105774604