Analysts of the financial holding company Morgan Stanley has prepared for its clients a memo, from which it follows that the cryptocurrency “bitcoin” has no real value. And investment is extremely risky, despite a high current rate. 17 Dec 2017 he reached the peak a little less than $20.000 for a “cryptomonad”.

Bitcoin was the center of attention in financial circles, as has dramatically increased in price. The increase from 1 January 2017, made up 2000 % and the end of the year on the Chicago stock exchange even launched an official auction of bitcoins. At the same time, Morgan Stanley has officially promised to dismiss disgrace any trader that touch on the subject. Why bitcoin is the contradictory attitude?

According to the analyst James Fossett, bitcoin is not by definition falls into the category of currencies – it is not guaranteed state obligations, the ruble, the dollar or the Euro. He has no real, unchanging value, like gold or gems. Finally, the very existence of the digital currency directly depends on the maintenance of work of system the Internet and outside of it is a “means of payment” is irrelevant.

On the other hand, “strike while the iron is hot”. Those who are now investing in bitcoin, I just want to hit the jackpot, having to play on the turf course and sell your “coin” before inflated “crypto bubble” will burst. From the point of view of “good” financiers it’s not even speculation, and open fraud.
Source — Digital Trends