Bitcoin shock news

in #bitcoin7 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