Is Bitcoin worth zero? Our opinion on the "shot" of Morgan Stanley ...

Is Bitcoin worth zero? Our opinion on Morgan Stanley's "shot" ... the investment bank generates new pressure on the future of cryptocurrencies.

New headwind of Morgan Stanley. The American investment bank, at first very strict towards the cryptocurrency, seemed to have retraced its steps, opening up to the virtual currency sector. So, in the Christmas period, the publication of a hard analysis by Morgan Stanley according to which the value of the investment in Bitcoin it could be worth zero. But why Morgan Stanley analysts have expressed themselves in such a clear way on the future of cryptocurrencies?

According to a statement from Morgan Stanley, to make Bitcoin's value potentially zero is its nature: it is well established that the virtual currency does not exist, it is extraordinarily volatile (but this is not only a negative aspect - it is enough to ask an opinion from the many speculators who have invested precisely for this reason on cryptocurrency), both intangible, invisible, indefinable, with a dubious darkness and with the random ways of mining.

In short, so many elements that make one exclaim Morgan Stanley that yes, we are faced with a dangerous object of desire. Who may also be tempting, with his profits at so many zero, but it could also be a very dangerous double-edged sword, from which it might be appropriate to take the necessary distances.

"It is not a coin," he says Morgan Stanley –Because there is no interest rate, it is not like gold, because it has no intrinsic value, it is not valid as a payment network and it has no transaction fee, almost no retailer and merchant, at least to date, accepts i Bitcoin as payment, and if nobody accepts them as a form of payment, then the value is zero. "

In our view, Morgan Stanley's claims are overly detrimental to the future of bitcoins, and likely to paint too black a scenario. But be careful: the bank's "shot" has an undisputed merit: to underline that if Bitcoin cannot be used as a means of payment, it will risk being confined to instruments of mere speculative investment. A wake-up call for the community of the most famous cryptocurrency in the world, if it wants to avoid new forks ...