Morgan Stanley: Bitcoin is not going to cost a penny if it’s not used by corporations

As the recent report by Morgan Stanley, a vast bank corporation, tells, Bitcoin is going to dramatically fall to $0 unless it’s widely used by the market.

This report has been prepared by the company’s employee and financial analyst James Fosset, and it’s cited by Business Insider. According to the conclusions of the report, Bitcoin has no interest rates, and this means, it lack an important anchor connecting Bitcoin to the world of traditional payment tools. Apart from this, Bitcoin also lack physical value which the precious metals have - no wonder it’s sometimes called a virtual currency.

And all this aside, the report also contains a compelling argument backed by real facts: transactions are becoming slower, and fees are rising. In 24 hours, Bitcoin buying make 300 million dollars, while in comparison to this, Visa payment system’s buying make 17 billion dollars, which is about 57 times bigger. Or, in other words: during 24 hours, Bitcoin system operates with the budget of the recent Justice League movie, while Visa does exactly the same with the annual budget of NASA.