Is it worth investing in bitcoin and other cryptocurrencies? Investors literally tortured experts of Morgan Stanley with such questions, one of the largest American banking holdings, which is also involved in investments. The result was a solid analysis report by experts. The conclusions are disappointing: if you evaluate Bitcoin as an ordinary means of payment, that is, as a regular currency, then its cost is about the same as that of a donut hole. However, it should be remembered that Bitcoin is, first of all, an investment tool, but it is extremely inconvenient as a payment instrument, like any other cryptocurrency. In order to correctly operate with dozens of cryptocurrencies, you need to delve into the features of each, as well as with the system of their purchase and sale, plus you still have to pay a transaction fee. At the same time, the owner of Android Pay only needs to do a simple action once – to attach a credit card to the application, and then you can completely forget about the wallet, since it will be replaced by a smartphone. Morgan Stanley’s conclusions are always based on a thorough analysis. So this time they were interested in how many online stores accept bitcoins. It turned out that out of the 500 largest trading floors on the Bitcoin network, only three are accepted (there were five last year). The report of Morgan Stanley experts contains a small footnote, which, perhaps, will comfort a little bit already invested in bitcoins. Analysts say that there was nothing like Bitcoin before, and therefore it needs to be given a different assessment. There can be no question of any objectivity here, because bitcoin does not have a material equivalent that provides its value, such as, for example, precious metals for ordinary currencies, and its growth dynamics do not depend on traditional interest rates. do not give specific recommendations. In their opinion, it is worth observing whether it will be possible to introduce bitcoin into trade. If successful, everything will be fine, but if not, then its value will ultimately drop to a minimum.