The price of bitcoin could fall to zero, Morgan Stanley
Of the 500 largest online shops in the world accept bitcoins, only three
The price of bitcoin could fall to zero if the bitcoin will be used as means of payment. This opinion was expressed by analysts of Morgan Stanley, reports Interfax-Ukraine with reference to Business Insider.
“If no one will take bitcoins for payment, then their value will be zero,” said Bank analyst James Fawcett.
Currently, according to Morgan Stanlеy, of the 500 largest online shops in the world accept bitcoins only three.
Experts also noted the low trading volume of the cryptocurrency. Daily in the global foreign exchange market operations of $5.4 trillion, while daily trading volume of bitcoin is about $3 billion.
Earlier it was reported that on 26 December the exchange rate of bitcoin grew by 9% and now exceeds $15 thousand. 24 December, the value of cryptocurrencies in the course of trading fell by 14%.