A US bank analyst Morgan Stanley, James Faucette, and his team have sent their clients a summary of the study claiming that the true value of the crypto-currency Bitcoin is zero. This reports the news portal Business Insider.
The letter explains why it is so difficult to estimate the true value of Bitcoin. Bitcoin can not this is a great review for all Bitcoin Code users be valued like a currency because there is no interest rate related to Bitcoin. In addition, the digital currency Bitcoin has no other use – in contrast to gold, which can be used for example for jewels. Although there is a Bitcoin payment system, it’s hard to scale. In addition, no transaction fee will be charged. If everyone renounced the payment technology, the value of Bitcoin would be zero.
Singapore (Reuters) – Bitcoin, the digital currency, has halted its recent slide and is picking up again.
A bit of the virtual currency Bitcoin is located on a monitor digits digits in this illustration picture, December 8, 2017. Picture taken December 8. REUTERS / Dado Ruvic / Illustration
On Tuesday morning, the most popular of the crypto currencies on the Luxembourg-based Bitstamp trading platform had to pay up to $ 15,498, about ten percent onlinebetrug more than the day before. On Friday, the price of a Bitcoin had plummeted by as much as 30 percent to around $ 11,200, after climbing to an all-time high of just over $ 20,000 on December 17th. The course has fluctuated repeatedly. At the beginning of the year, a Bitcoin had been available for less than $ 1,000.
A specific trigger for sell-off had Börsianer not call last. However, central bankers, politicians and supervisors have warned in some drastic terms about high losses in speculation with Bitcoin, which could drive especially private investors into ruin. In addition, the suspicion of insider trading at cyber exchange operator Coinbase caused uncertainty. On Monday, Israeli market surveillance chief ISA threatened cyber-currency companies with the end of the Tel Aviv stock exchange. Bubble formations were observed at the Bitcoin price, he explained. “We do not want investors to be exposed to this volatility and uncertainty.”