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Agreed - this MS analysis is weak. More of a press piece without much critical thinking. See this link below for the best analysis I've read on Bitcoin, from a hedge fund that started buying it in 2015 and now has it as 50% of AUM.

http://millervalue.com/a-value-investors-case-for-bitcoin/

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“While other payments networks typically charge the greater of ~3% and $0.15, Bitcoin’s transaction fee tends to be a negligible fraction of the transaction, if any at all.”

That article seems quite dated (2015). The fees and transaction times for btc today are much worse:

https://bitcoinexchangerate.org/fees

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