Bitcoin shock news

in bitcoin •  7 years ago 

Morgan Stanley analyst James Faucette stated in a recently published client report that Bitcoin's true value may actually be zero.

Morgan Stanley's report, "Bitcoin Decrypted," discussed the difficulty of assigning a value to the virtual money, pointing out that Bitcoin does not act like currency and is not a savings instrument (like gold, silver).

Faucette assessed some key elements:

Bitcoin can not be treated like a currency because it is not a matter of interest.
We see that a money that is not actually a Btc bank is tied to anyone. So it is unlikely that there will be zero in birds

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!