Bitcoin’s Recent Drop Could Benefit Western Union

The Western Union Company (NYSE:WU) has had a rough year, dropping sharply at the end of January ahead of the general market slump, and still only trading slightly ahead of its year-end levels after a rally back in June. But BTIG analyst Mark Palmer argues that the disruptive threat posed by Bitcoin may be receding, opening the door for Western Union stocks to appreciate. Bitcoin down sharply following DFS regs and a CFPB warning People’s views on Bitcoin can be broken down into two basic groups: those who see it as a new form of currency, and those who see…