Morgan Stanley conducted a bitcoin analysis and came to the conclusion that now it is worthless
By: Eugene Sherban | 26.12.2017, 13:58
Experts of the largest investment bank Morgan Stanley investors have got from questions, it is worth whether to invest in or used itkoin other cryptovalts. Therefore, k At the end of the year they issued a weighty report, in who tried to evaluate bitcoin with point of view of conventional means of payment. Perhaps the most important conclusion - with point of view of currencies bitcoin does not differs from holes from bagel.
Why is that?
Today's bitcoin reduces people from mind only as an investment tool, which for the year grew by a record 1500%. But As a payment tool, crypto currency is completely inconvenient. A person needs to understand dozens of varieties of crypto currency, then deal with The most understandable system of purchase and sale , and at end of a large share of the likelihood of pay a commission transaction. Compare this with some kind of Android Pay, in which is enough to bind the credit card to application, and then walk with a smartphone instead of a purse.
In order not to be unsubstantiated, guys from Morgan Stanley studied the payment systems of the 500 largest online stores in networks and They tried to find out who the bitcoins take them. Found only 3 store. Although, a year ago, they was 5.
As is always the case with bitcoins, analysts made a small footnote. The thing is The fact that bitcoin is completely different from everything that was before, and therefore evaluate it differently. is he extremely biased, It does not have a material embodiment like precious metals that provide its value, and on dynamics of its growth does not traditional interest rates.
Therefore, in letters to investors, analysts avoid any recommendations and advise to take a closer look introduction of bitcoin in trade. If it goes - that everything will be great. If not, then the cost of bitcoin will return sooner or later to minimum.
AFFILIATE DISCLOSURE Some posts may contain affiliate links. Gagadget.com is a participant in the Amazon Services LLC Associates
Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking