Morgan Stanleys VD säger att Bitcoin inte är en modefluga, Krypto försvinner inte

Morgan Stanleys VD säger att Bitcoin inte är en modefluga, Krypto försvinner inte

The chief executive officer of global investment bank Morgan Stanley says that cryptocurrency, including bitcoin, is not a fad. Noting that they are not going to go away, han sa: “Vi’re watchful of it, were respectful, and well wait and see how the regulators handle it.

Morgan Stanleys CEO Says Bitcoin and Crypto Arent Going Away

Morgan Stanley CEO James Gorman talked about bitcoin and cryptocurrency during the banks third-quarter earnings call with analysts Thursday morning.

Emphasizing that crypto is not going to go away, han sa:

Ive said it publicly before, Ill say it again. I dont think cryptos a fad. I dont know what the value of bitcoin should or shouldnt be, but these things arent going away.

He added: “The blockchain technology supporting it is obviously very real and powerful.

Morgan Stanley was among the first major banks to embrace bitcoin. In March, the bank revealed that it had begun offering bitcoin funds to clients. In April, the bank added bitcoin to 12 mutual fundsinvestment strategies.

The global investment bank launched a dedicated cryptocurrency research team in September, led by Sheena Shah, the firms crypto analyst. “The launch of dedicated crypto research is in recognition of the growing significance of cryptocurrencies and other digital assets in global markets,” the bank explained.

The Morgan Stanley executive explained during the earnings call, “Vi’re not directly trading crypto for retail clients,” adding thatthere are other players who are choosing to do that.He clarified, “We give access to them to buy crypto through various funds and things.

He further detailed that crypto is currently not a big part of the banks business but said it could grow in the future. “For us, honestly, its just not a huge part of the business demand from our clients. And that may evolve and well evolve with it,” he opined, elaborating:

Vi’re watchful of it, were respectful, and well wait and see how the regulators handle it.

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