J. P. Morgan may be highly skeptical about the potential customers for bitcoin, but at least one financial research firm will be behind the virtual foreign currency. Institutional brokerage Wedbush investments has become the first to accept bitcoin payments in the US.
Los Angeles-based Wedbush offers thus far published two reviews on bitcoin through the Wedbush Equity Research procedure. At the start of December, this released “ Bitcoin: inbuilt Value As Conduit with regard to Disruptive Payment Network Technology”. It followed this up with “ Digitizing Trust: using the Bitcoin Protocol past the Coin” a month later on.
“ At this point in time, the bigger institutions have an unfavorable knee-jerk reaction. ”
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