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– Bitcoin has no inherent use This one is a little tricky to refute, but I’ll give it a go.
Playing devil’s advocate, let’s say that Bitcoin as a cryptocurrency has no inherent use.In a recent report sent out to clients, Morgan Stanley analyst James Faucette cautioned that the “true” value of Bitcoin might actually be zero. Examining several key factors, Faucette points out: All of these facts, according to Faucette, underscore the fact that the digital currency has “virtually no acceptance, and shrinking.” In fact, he provides a handy chart (above) to illustrate his statement.