December 25 2017 12:32 PM
A recent research note triggered a bomb about the virtual currency market, saying the potential real value of the currency was zero.
Morgan Stanley's paper, Decoding Bitquin, was written by analyst James Fossett. He explained that the currency can not be assessed as a currency because it is not linked to an interest rate and can not be treated like gold that can be used as an oil or in an industry.
The average daily volume of the daily trading of "Petequin" 3 billion dollars during the past 30 days, compared to 5.4 trillion dollars for currencies in the Forex market.
Investors have traded about $ 160 billion in the largest virtual currency over the past three days, according to Quinmarktecap data.