According to the company, the acceptance of the currency is not as wide as many claim
It may be that the price of Bitcoin has grown exponentially during the year 2017, but according to Morgan Stanley people should be spending this money instead of saving it as the number of online merchants that are adopting it as a means of payment is falling.
According to a report published by the group of analysts of the company, led by James Faucette "the acceptance of Bitcoin is almost nil and is falling."
The group found that while the number of large online businesses that Bitcoin adopted in 2016 was 5, so far this year have been only 3, according to Business Insider.
The main reason for this decline was the increase in the price of the digital currency, which subsequently led people to acquire the Bitcoins as a way of investing instead of a form of payment.
Read more: http://elcriptografo.com/2017/07/14/morgan-stanley-aceptacion-del-bitcoin-casi-nula/