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Bitcoin could be worth $0, according to Morgan Stanley

Some professional analysts think Bitcoin has zero value, is literally worth $0

By Anthony Garreffa on Dec 26, 2017 07:29 pm CST - 0 mins, 39 secs reading time

Bitcoin might have skyrocketed from its price of $1000 at the start of the year all the way up to $20,000 - but there are professional analysts that think the cryptocurrency has zero value.

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Morgan Stanley analyst James Faucette says that Bitcoin might be worth $0, where Business Insider spotted a research note from the analyst, where he said: "If nobody accepts the technology for payment then the value would be 0".

Faucette said that he addressed the "very difficult" question of what the real value of Bitcoin really is, but said that the value of BTC could drop as it is rerliant on the "network effect", and that is no one wants to buy it, Bitcoin could become totally worthless.

Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games to be built around consoles. With FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with high-end, custom-built PCs. His addiction to GPU technology is unwavering, and with next-gen NVIDIA GPUs about to launch alongside 4K 144Hz HDR G-Sync gaming monitors and BFGDs (65-inch 4K 120Hz HDR G-Sync TVs) there has never been a time to be more excited about technology.

NEWS SOURCE:bgr.com

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