Fintech

Morgan Stanley analysts unimpressed by bitcoin

Bitcoin has skyrocketed more than 250% over the past 12 months - but merchants aren't biting

Morgan Stanley analysts unimpressed by bitcoin
Photo: iStockPhoto

Bitcoin may be the reigning prima donna of the crypto market, but at least one big Wall Street bank is not impressed, MarketWatch reports.

A team of Morgan Stanley analysts led by James Faucette on Wednesday held up bitcoin as a poster child for speculation while downplaying its potential as a legitimate currency.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump