Can Bitcoin = $0 ?
Yes, this is the thought of analyst Morgan Stanley.
As per money control report cryptocurrncy bitcoin rising more than 13 time in 2017 and its price is volatile too.
But according to analyst Morgan Stanley actual value of Bitcoin could be zero. According to another analyst James Faucette and his team "Bitcoin have no cash flow considering it as a real currency as no interest associated to it. It can be assumed like digital Gold It don't have use like Gold or jewellery but investors are ascribing some value to it" he said.
He also said that Bitcoin is only accepted by a few online retailers that is also reducing now and moreover, its value only depends upon demand and supply.
High price, non-stable price and transaction cost are very high that making it noncompetitive mode of transaction.
As per JP Morgan CEO James Dimon claimed that he would fire any trader found to be trading in Bitcoin.
Looking at the risk that is coupled with Bitcoin several central Banks also warned investors about price of Bitcoin.
As per some investors it will go high further but they don't deny the risk with it.
Comment what you think about it.
He also said that Bitcoin is only accepted by a few online retailers that is also reducing now and moreover, its value only depends upon demand and supply.
High price, non-stable price and transaction cost are very high that making it noncompetitive mode of transaction.
As per JP Morgan CEO James Dimon claimed that he would fire any trader found to be trading in Bitcoin.
Looking at the risk that is coupled with Bitcoin several central Banks also warned investors about price of Bitcoin.
As per some investors it will go high further but they don't deny the risk with it.
Comment what you think about it.
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