Analysts Morgan Stanley called bitcoin "a gold asset" | informnews
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Analysts Morgan Stanley called bitcoin “a gold asset”

Analysts Morgan Stanley called bitcoin "a gold asset"

According to analysts of investment Bank Morgan Stanley, bitcoin has actually become agold assetfor investors. Such a position was voiced by experts in their new report on the peculiarities of the use of bitcoin and the consequences of its introduction in the market, UTB reports.

Over the past six months, Morgan Stanley has studied the prospects for the development of the cryptocurrency industry and concluded that digital currencies have actually become a new format of investment. In six months, the number of hedge funds focused on operations with digital assets has increased, the volume of cryptocurrency trading is increasing, and the blockchain industry is becoming an integral part of the global economy.

In one of the latest research analysts of investment Bank Morgan Stanley called bitcoin agold assetfor traders with a huge potential in the market. The lion’s share of cryptocurrency reserves is stored in bitcoins. The assets of the funds in digital currency have grown since the beginning of 2016 and have already exceeded 7.11 billion dollars.

Bitcoin, since its inception in 2009, has been able to solve the main problems of the blockchain industry. Initially, the legendary Creator of bitcoin Satoshi Nakamoto considered bitcoin as an analogue of electronic means of payment. He was able to achieve his goal by making this asset a promising financial instrument, according to the report of Morgan Stanley.

The position of the analyst of the investment Bank divides Gurvich Zeynep from king’s College in London. The expert is confident that within the next decade, bitcoin will become the most important way to pay for goods and services.

However, there are still many issues that are being addressed by digital currency developers. The list of unsolved problems includes scalability, volatility and confidentiality. If regulators can establish control over such assets, including increasing the transparency of cryptotransactions, it will accelerate the legalization of bitcoin and altcoins around the world.

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