The real value of bitcoin is zero
Фото: Depositphotos
Team led by a bank analyst Morgan Stanley James Fawcett sent out a note to her clients a few days ago stating that the real value of bitcoin is zero. He writes about it Lenta.ru report, ссылаясь на Business Insider.
The document emphasizes that it is almost impossible to reasonably estimate how much the most popular cryptocurrency should currently cost.
The note provides Fawcett's answers to some Bitcoin-related questions. In particular, he replies that Bitcoin is not in the full sense of the currency (there is no interest rate associated with it), can not be a substitute for gold (the latter has an objective value based on the application in the industry and the jewelry industry). The system of payments, in which Bitcoin is involved, is difficult to expand to the entire economy.
In addition, the trading volume of cryptocurrency per day is thousands of times different from the market volume Forex . The same applies to the volume of transactions - on a bitcoin day it is 300 million dollars. For comparison, in the payment system Visa undergo operations on 17 billions of dollars.
During the December 25 trading session, the bitcoin exchange rate fluctuates around the 14 mark of thousands of dollars. Over the past week, the cost of cryptocurrency fell by about a quarter, earlier Bitcoin touched marks in 20 thousand dollars.
The rate of the popular cryptocurrency in January 2017, was a thousand dollars per unit, rising above this mark for the first time since 2013. Over the year, Bitcoin has repeatedly updated the historical maximum.
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