Morgan Stanley: Acceptance of Bitcoin "is almost null and falling"
According to the company, the acceptance of the currency is not as wide as many claim
It may be that the price of Bitcoin has grown exponentially during the year 2017, but according to Morgan Stanley people should be spending this money instead of saving it as the number of online merchants that are adopting it as a means of payment is falling.
According to a report published by the group of analysts of the company, led by James Faucette "the acceptance of Bitcoin is almost nil and is falling."
The group found that while the number of large online businesses that Bitcoin adopted in 2016 was 5, so far this year have been only 3, according to Business Insider.
The main reason for this decline was the increase in the price of the digital currency, which subsequently led people to acquire the Bitcoins as a way of investing instead of a form of payment.
Read more: http://elcriptografo.com/2017/07/14/morgan-stanley-aceptacion-del-bitcoin-casi-nula/
Why would you trust what a bank says about technology that's designed to blow banks out of the water?
The bitcoin is unstable can continue to rise to reach 10,000 dollars as predicted or fall to 600 dollars as in 2016 only have to take advantage of the best moments of it, in addition to the next division that will suffer the network bitcoin many people Withdraw Your funds with fear of having great losses
So, the investment company doesn't want people to keep buying the investment opportunity because people are not using the investment company to buy the opportunity.