“Bank of America has become the first US bank to talk openly about bitcoin, having issued a client note stating that the digital currency has ‘clear potential for growth’.  The news came in a 14-page note sent to clients by Bank of America currency strategist David Woo. He said he believes the maximum market cap of bitcoin is $15bn, or about 1,300 USD per 1 BTC. In the note, Woo pointed out that bitcoin makes sense as a medium of exchange and has the potential to become a major means of payment for e-commerce. It could even emerge as a serious competitor to traditional money transfer providers, Woo wrote.”

http://www.coindesk.com/bank-of-america-bitcoin-growth/

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