Bitcoin May Hold Promise As Alternative Payment System

Since Bitcoin surpassed the $1000 mark a few weeks ago, most investors are trying to figure out how much growth the cryptocurrency has left, whether this is just another bubble, and if they can trust an asset that even most supporters don’t fully understand. But Susquehanna Financial Group LLP analysts James Friedman and Meghna Ladha have another take on the matter.

Bitcoins as a payment system

“We have no opinion about the value of the tender itself,” they write. “But the structure of Bitcoin as a payments...