Fina VC's Keith Gilabert Issues Bullish Report on Bitcoin

BEVERLY HILLS, Calif. - June 5, 2014 - PRLog -- Fina V Capital has been bullish on Bitcoin (BTC) since November of 2013, with a target price for the digital currency soaring to $5,000.00 per coin.  The President of Fina V Capital Keith Gilabert stated, “Our target price is based on the demand we see from hedge funds and the decentralizing of third world currencies.”

Gilabert states, “Bitcoin cannot be shorted like traditional currencies you can trade today.  I can open an account with Forex and short any currency but I can’t do that with Bitcoin.  So when you examine the possibility of where this currency can go in price it is much higher than other types of trading instruments due to the digital currency does not have overhead resistance.”

Winklevoss Capital  $11 million investment in Bitcoin is now worth over $60 million.  They are now in the process of getting regulatory approval for Winklevoss Bitcoin Trust exchange traded fund (ETF), which is currently awaiting approval and will trade on the Nasdaq.

Another high profile investor is Michael Novogratz of Fortress Investment Group, who stated, “the smartest guys in the room” many are beginning to turn their attention towards bitcoin.

“Bitcoin continues to develop and currently it is still a volatile trading instrument with risk, but I do expect the volatility to decline as governments around the world impose restrictions,” according to Gilabert.

Fina VC reports the current environment for Bitcoin is positive.  The digital currency survived the implosion of Mt. Gox the third largest Bitcoin exchange which collapsed because of a $450 million theft.  This has not deterred Venture Capital investors from pouring over $100 million in start-ups this year alone.  “These start-ups have learned from the mistakes of Mt. Gox and are providing a safer trading environment,” according to Gilabert

Last week Dish Network with 14 million customers joined Overstock .com and Virgin America in accepting Bitcoin.  Gil Luria an analyst with Wedbush Securities said, “This is a mainstream company with mainstream leadership that’s decided to embrace Bitcoin and what Bitcoin technology offers.”

Gilabert states, “because Bitcoin is a pure commodity based on supply and demand, we expect for every $100 million invested in Bitcoin reserves the price will increase by about 20%.  Until you have the ability to short the currency the upside is substantial.”

About Fina V Capital

Fina V Capital serves entrepreneurs by providing less dilutive, more flexible forms of capital. We provide senior and subordinated term loans in the $1 million to $20 million range to emerging businesses backed by venture capital and private equity firms.  Target clients range from emerging growth companies led by dedicated entrepreneurs to late-state, established companies seeking cash-flow for expansion.  We give our clients access to our contacts of Fortune 500 companies which will add diversity to their product lines and help fuel growth.  There are less than a dozen consulting firms worldwide that can offer this level of service.

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