A new crypto-friendly in the game – We have never seen so many reversals of the jacket of major banking institutions than in this period. After Visa , Mastercard and Deutsche Bank who have become fans of Bitcoin and cryptos, it is now the turn of the American bank Morgan Stanley to change its tune.
Morgan Stanley on the verge of buying BTC for its clients?
With its $ 150 billion in assets under management, Morgan Stanley’s investment arm is clearly no small player in the financial world. The latter now seems to want to set its sights on our king of cryptos, Bitcoin (BTC).
According to a recent Bloomberg publication , Bitcoin’s meteoric rise to near $ 50,000 would not leave institutional clients of the big bank indifferent .
Counterpoint Global , a unit of Morgan Stanley Investment Management, developed by focusing on projects uniqueness , the value may increase significantly. A description that corresponds quite well to the invention of Satoshi Nakamoto.
Morgan Stanley Bitcoin
According to the (unfortunately anonymous) sources cited by Bloomberg, this branch of the American bank would closely study cryptocurrencies to determine if they are indeed „an appropriate option“ for their big investors – which thus required for the big bank of buy some , one way or another.
However, before validating this possible option, Morgan Stanley would need the approval of regulatory authorities , given the large amount of such an investment in Bitcoin and other cryptos.
If this investment and this new crypto-banking offer were to see the light of day, it would be a big step forward for the integration of Bitcoin and the cryptosphere into Wall Street finance. Financial center where Bitcoin seems more and more perceived as an asset that protects against inflation.