In the real world, bitcoin improves

Although the value of Bitcoin continues to climb throughout 2018, this does not necessarily make it valuable in the eyes of world-renowned financial consulting firm analysts. James Faucette, an analyst from Morgan Stanley, issued an interesting statement against one of the most valuable cryptocurrenies in the world today. In his report entitled 'Bitcoin Decrypted', he writes that the original price of Bitcoin is USD 0. In fact, according to data from CoinDesk, Bitcoin's own value is at least still touching at USD 13,800 (Rp 187 million). "In fact, only a few online-based retail businesses accept Bitcoin, even the numbers continue to diminish.If nobody accepts it as a method of payment, then its value will be zero," he wrote in the report, as quoted from Futurism, Thursday. Although the report Faucette did not specify exactly what the true value of Bitcoin is, the section titled 'Attempts to Value Bitcoin' provides an explanation of the difficulty of measuring the 'price' of the cryptocurrency. The first thing Faucette considered was the feasibility of Bitcoin itself to be considered a real currency, such as Dollar and Euro, given that this crpytocurrency has no interest rate. Then, he also explained the weakness of Bitcoin when compared with valuable materials such as gold. Unlike the precious metal that can be used as jewelry, Bitcoin has no intrinsic value because it only comes in the form of data. Of these two, Faucette concluded that Bitcoin is a very difficult method of payment to measure, plus the non-cost of transactions in it. Jeremy Eng-Tuck Cheah, Professor of Southampton Business School, said the same thing with Faucette...