Morgan Stanley: Bitcoin's real price can be equal to zero

Baku. 25 December. REPORT.AZ/ The real price of "Bitcoin" can actually be equal to zero.

Report informs, analyst for the US Morgan Stanley Bank, James Faucette said in his article Bitcoin Decrypted.The article notes that bitcoin does not act neither as a currency, nor as a collecting tool (gold or silver). It is very difficult to estimate this virtual currency.

Faucette made a number of statements regarding the true value of bitcoin: "First, bitcoin can not be considered a currency because it does not generate interest. Secondly, although, people believe bitcoin is like digital gold, but it can not be gold. Because gold is used in the field of electronics and jewelry. Thirdly, the daily purchase and sale volume of bitcoin reached $ 3 billion. However, the volume of daily transactions in currency market amounted to 5.4 trillion dollars.

If the purchase of goods and services worth $ 300 million is carried out with Bitcoin per day while with it is $ 17 billion via Visa card system.

Faucette believes that digital currency will gradually fall off and this market is already shrinking. So, if in 2016 the world's leading 5 internet shopping companies have operated with bitcoin, their number has dropped to 3.