Morgan Stanley Analyst: True Worth Of Bitcoin Could be Zero
Blockchain

Bitcoin's Real Worth Might Be $0 Warns Morgan Stanley

The real price of Bitcoin could be zero as per Morgan Stanley reports

Bitcoin's Real Worth Might Be $0 Warns Morgan Stanley

The financial mechanism of bitcoin is as tough as the concept itself. The virtual digital currency has created all the hype all these years only to break all the records (the worth) the cryptocurrencies had ever made. Bitcoin was all there in the news owing to the worth it has gained in a short-time period. While the digital currency gained all the attention, the worth of this particular digital currency is still increasing exceptionally.

Although Bitcoin has raised to a price of $16,000 today analyst James Faucette has another take on it. Through a researched note issues last week, the analyst claimed that the actual value of Bitcoin could actually be zero. The research note titled “ Bitcoin Decrypted” suggested a number of reasons for considering bitcoin worth US dollar zero.

From a list of the reasons, the one outlined is bitcoin is not a real currency, Faucette said, mentioning Bitcoin has no interest rate. Another reason is Bitcoin lacks intrinsic value as it is not a physical currency or an element that has real worth. Bitcoin is valued as a payment network. The analyst mentioned, “virtually no acceptance, and shrinking,” adding “if nobody accepts the technology for payment then the value would be 0.”

This is not for the very first time Faucette has mentioned comments on the worth of a cryptocurrency. In the July this year, Faucette’s team has also mentioned that the “virtual acceptance of cryptocurrency is zero and shrinking.” since then cryptocurrency is scaling like never before. Well, the reports have all the reasons to predict bitcoin’s diminishing growth, but the time and investment in this virtual currency will further suggest the true worth of this cryptocurrency. "If nobody accepts the technology for payment then the value would be 0," Faucette suggested in the research paper.

MAD Team
Written By

MobileAppDaily host a team of experienced technical writers, industry wizards, and app experts who have an exact knack of content that caters to the needs of the mobile app targeted audience. We strive to bring you the best of tech!

Top Companies

InMobi
Singapore
Dot Com Infoway
New York, USA
M&C Saatchi Mobile
New York City, USA
Techmagnate
New Delhi, India
Fetch
London, UK
View full report

Latest Articles

Join our global community 135K Followers
Blockchain

Blockchain Technology: From Bitcoin To Crypto-Wallet Know It All

MAD Team 4 min read  

You must have heard about the term ‘Blockchain Technology’ frequently and wondering why exactly in the world everyone is talking about it. Many of us believe that the blockchain is the technology only behind the bitcoins. However, the blockchain holds the potential beyond managi

Blockchain

Top Merits of Blockchain in Manufacturing Industry

MAD Team 4 min read  

With all the buzz surrounding Blockchain technology, the cryptocurrency has carved its place in almost every sector. From the education field to banks and from the mobile industry to government bodies, the technology has its say everywhere. And virtual currencies like Bitcoin, Litecoin, Ethereum, an

Blockchain

Why Bitcoin Payment System Are Better And Profitable?

MAD Team 4 min read  

What are the benefits of using Bitcoin as a payment system? How does it benefit buyers (and merchants) as a payment system? And, what's the future of Bitcoin in the commerce? We'll discuss all these essential points in this article, so keep reading.Bitcoin offers numerous advantages for

Blockchain

Bitcoin Trading App, Coinbase Grabs The Top Spot At App Store While Users Struggles To Sign In

MAD Team 4 min read  

Bitcoins, the cryptocurrency which is getting an enormous amount of hit nowadays and topping the tech news chart everywhere. Seems like the buzz is not only hiking the bitcoin price but also made Coinbase rank top in the Apple’s App Store. The app is used to access the digital wallet for buyin