Morgan Stanley: Bitcoin May Actually Be Worth $0

CBS Local — A top financial services firm is making the case that, despite soaring stock prices, the popular digital currency Bitcoin may actually be worth nothing at all.
Morgan Stanley executive director James Faucette has reportedly sent a memo to his group’s clients that suggested the true value of Bitcoin was $0.00. Faucette’s team of analysts argue that not only is Bitcoin hard to equate to real world money, less online retailers are accepting the cryptocurrency