Morgan Stanley on bitcoin: 'the value would be 0'

This subreddit is for everyone who doesn't like crypto money for whatever reason

I'm new here and I like this sub, but I also like crypto. Not bitcoin though.

The different crypto subs are totally delusional and talk about healthy dips when the price drops 50% in 2 days and have lost all touch with reality. In my opinion they are slowly losing their minds and turning into a giant cult.

This is why I'm here lurking. It gives me a different perspective and I like the sarcastic comments.

But I think he has a valid point. The price of a coin doesn't really matter. He's absolutly correct.

one unit of a coin could be 1 million or 0.00001, which says nothing about it's value.

If I had a coin with a supply of one unit, this one unit would probably be worth the entire market cap of the coin.

So you can't say he's trolling, because he's technically correct.

/r/Buttcoin Thread Parent Link - businessinsider.com