What key innovations could lead to big opportunities and serious challenges for investors and companies in the years ahead?Goldman Sachs convened a symposium to find some answers.Among the most likely innovation to emerge as disruptors: Car sharing and autonomous automobiles, the Internet on the factory floor, genomic testing, cancer immunotherapy and digital payments.Subscribe or Sign In Popular on WSJ Most Popular Videos Patron CEO on $1 Billion Sale of George Clooney's Tequila Brand Film Clip: 'The Big Sick' 'Bridge Crew': Voice Command Comes to 'Star Trek' VR Videogame Trump Approval Rating Holds Steady Film Clip: 'The Beguiled'Bitcoin Price Will Spike Over 65% After Winklevoss ETF - Analyst ​Bitcoin price speculation is a very popular practice and a whole lotta fun for the Bitcoin faithful.Now that the issues in China seem to have settled down, and the market has normalized after a turbulent first few weeks of 2017, it is time to look at the next event on the horizon.

That will come next month, as the Winklevoss ETF judgment is due in less than four weeks.Any one of a myriad of things could happen in 2017 to send the digital currency “to the moon.” Anything from a global economic recession to a U.S.Dollar collapse, to a New York Stock Exchange market crash, have been forecast as possibilities.One thing we do know will happen is that on March 11th the SEC will make a determination on the future of the Winklevoss’ Bitcoin ETF (COIN) that has been in limbo for years now.This has caused Emerita Capital to do an extensive “thesis” on the effect that an approval of the ETF by the Securities Exchange Commission (SEC) would have on the market for Bitcoin thereafter.Taking out a highwater mark target price of $36,78 and a lowball figure of $551, they factored in a less than likely chance of approval and came up with the following figures.“Our thesis is that the probability of a Bitcoin ETF approved in the near term has been misevaluated as a "very low chance" event by major investment and research firms,” says Emerita Capital in their article.

“We assign a probability of 35% for approval against 65% probability for rejection, making our final weighted average expected price $1645.45 or a +67.8% expected return above the current price.” The Winklevoss’ ETF is just the first strike out of many from the Bitcoin niche.Two other funds have filed similar applications that would offer ordinary investors broader access to bitcoin investing.The Bitcoin Investment Trust, run by tech entrepreneur Barry Silbert, and SolidX Bitcoin Trust, run by SolidX Partners, are waiting for the SEC to rule on their applications to be listed on the New York Stock Exchange.bitcoin lelystadThese also come up for review on March 30th (XBTC) and in October (GBTC).bitcoin ludvig öberg“Although its utility as a means of exchange is controversial, from a purely quantitative point of view the evidence suggests continued growth in transaction volume through the Bitcoin network, continued growth in interest from new markets, and continued growth in entrepreneurial attention,” Emerita Capital added.bitcoin like paypal

Keep in mind ‘Emerita Capital’ isn’t exactly Merrill Lynch.They have a couple of articles up on Seeking Alpha’s blog site, both within the last week, and they do not have their own website, or even a social signal listed anywhere on Google.This could be from credible financial advisors, or this could be from a couple of unemployed guys in a basement, for all we know.You make the call.The article is extensive and well-researched.However, this is one more analysis on this highly relevant subject than has been done by anyone else.At least someone has tried to put this into perspective for the community.Do you think Las Vegas bookmaker will create a betting line based upon this?Within the Bitcoin community, stranger things have happened.Unlike the Bitcoin bulls at Bank of America Merrill Lynch, J.P.Morgan Securities foreign-exchange strategist John Normand sees something less than a future of widespread digital currency.Think of Bitcoin topping out at something like Mauritanian stocks or the Argentine peso, or maybe at best superceding gold and its heavily traded SPDR Gold Trust (GLD) as a kind of private, fixed-supply alternative currency.

MORE FROM BARRON'S Barron’s Interview 5 Cheap Chinese Stocks Set to Rebound Investing Ideas Tencent, Nintendo to Score from eSports Boom Asia’s Best Minds Top Money Managers on MSCI’s A-Shares InclusionThe ascent this year of Bitcoin, a virtual currency forged through hardcore mathematics and buoyed by promises of financial liberation from banks, has been nothing short of mesmerizing.It is being increasingly embraced as a viable means of exchange and a valuable investment, free from meddling by central banks and what some view as untrustworthy financial systems.A pseudonymous programmer calling himself Satoshi Nakamoto developed the Bitcoin system, releasing a white paper in 2008.The network, launched in early 2009, uses peer-to-peer software to transfer bitcoins.A purely digital currency, a bitcoin is essentially a secret number that is transferred from one party to another using public key cryptography.“Miners,” or people running high-end computers that verify the transactions, are awarded newly minted bitcoins for their efforts.

Bitcoin's distance from the established financial system and lack of regulation so far is partly what has made it attractive.Virtual currency projects have largely failed over the years, but Bitcoin has so far defied predictions it would meet the same fate.Bitcoin “seems to resonate quite deeply” with people who dont trust banks, even if the rosy predictions of its potential are baseless in standard economic theory, said Dick Bryan, a professor with the Department of Political Economy at the University of Sydney.No one can create an accurate economic model for Bitcoin, and everyone who thinks they can give an explanation is posturing,” Bryan said.So far, Bitcoin’s early supporters have been joyous: If you bought the virtual currency in early 2011 at $1 each instead of a new pair of $600 snakeskin cowboy boots, you’d be up roughly $600,000, depending on fluctuating exchange rates.Share This Story!Let friends in your social network know what you are reading aboutTwitterGoogle+LinkedInPinterestPosted!A link has been posted to your Facebook feed.