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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.

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