Crypto is “Not A Huge Part” of Morgan Stanley’s Business Demand, But CEO says It’s Not Going To Go Away

2021-10-15 18:34

Morgan Stanley CEO James Gorman’s trust in cryptocurrency is growing, and he doesn't think it is going anywhere.

“I don’t think crypto is a fad. I don’t think it’s going to go away,” said Gorman during the bank’s third-quarter earnings call with analysts this week.

Meanwhile, the competitor JPMorgan Chief Executive Jamie Dimon sees the leading cryptocurrency as “worthless” and says it will be regulated. Previously, Dimon had called Bitcoin a “fraud.”

“I don’t know what the value of Bitcoin should or shouldn’t be. But these things aren’t going away, and the blockchain technology supporting it is obviously very real and powerful.”

He further explained that the bank doesn’t trade crypto assets directly for its retail clients; however, it does offer them ways to gain crypto exposure through various funds. In the first half of the year, Morgan Stanley confirmed that it offers wealth management clients exposure to Bitcoin through two passive funds.

“For us, honestly it’s just not a huge part of the business demand for our clients.”

“That may evolve and will evolve with it, but certainly it’s not what’s driving our economics one way or the other.”

Bitcoin BTC $ 61,376.56 -0.66% +7.16% +12.52% baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=BTC&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); See Details The post Crypto is “Not A Huge Part” of Morgan Stanley’s Business Demand, But CEO says It’s Not Going To Go Away first appeared on BitcoinExchangeGuide.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Think And Get Rich Coin (TAGR) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 TAGR

going think away gorman don crypto ceo

Источник: bitcoinexchangeguide.com

going think → Результатов: 126


$9.5 Trillion Asset Manager BlackRock is Studying Crypto, CEO says “We Believe That Will Play A Very Large Role”

Larry Fink, the CEO of the world’s largest asset manager, BlackRock doesn’t understand much about Bitcoin but said he sees huge opportunities in digitized currencies. “I see huge opportunities in a digitized crypto-blockchain-related currency and that's where I think it's going and that's going to create some big winners and some big losers,” he said […] The post .

2021-10-14 22:53


Управляющий активами BlackRock: Мне нравятся волатильные активы вроде биткоина

Инвестиционный директор управляющей активами BlackRock Рик Ридер в комментарии CNBC назвал биткоин альтернативной валютой, стоимость которой зависит от ее распространения. "Part of why I own a small piece of #bitcoin is I do think there are more people who are going to enter that fray over time … I like assets that are volatile that […]

2021-9-14 18:53


Инвестдиректор BlackRock объяснил свое решение о покупке биткоина

Инвестиционный директор управляющей активами BlackRock Рик Ридер в комментарии CNBC назвал биткоин альтернативной валютой, стоимость которой зависит от ее распространения. "Part of why I own a small piece of #bitcoin is I do think there are more people who are going to enter that fray over time .

2021-9-12 12:34


Фото:

Kraken CEO Steadfast on Bitcoin ‘Going to Infinity’

“Of course you know we can only speculate. But when you measure it in terms of dollars you have to think it’s [Bitcoin] going to infinity,” Powell said. “And I think the true believers will tell you that it’s going all the way to the moon, to Mars, and eventually it would be the world’s … Continued The post Kraken CEO Steadfast on Bitcoin ‘Going to Infinity’ appeared first on BeInCrypto.

2021-3-4 14:26


Bitcoin or its Meteoric Rise Pose No Threat to the Global Dollar Economy Or its Reserve Currency Status: Fed President

St. Louis Federal Reserve President James Bullard doesn’t think the leading digital currency poses a serious threat to the US dollar’s status as the world's reserve currency. “I just think for Fed policy, it's going to be a dollar economy as far as the eye can see and whether the gold price goes up or […] The post Bitcoin or its Meteoric Rise Pose No Threat to the Global Dollar Economy Or its Reserve Currency Status: Fed President first appeared on BitcoinExchangeGuide.

2021-2-17 18:27


Фото:

1 Confirmation with Jeff and Dave – a forward-looking view with DJ – TheFinancer.org ! Bitcoin over 23k!

1 Confirmation with Jeff and Dave – a forward-looking view with DJ – TheFinancer.org ! Bitcoin over 23k! In this episode, we celebrate Bitcoin over 23k! it is a bubble or do you think it’s going to keep going? what’s next for us in 2021? What are the state and the future of medical care globally? Mass adoption ofRead More

2020-12-24 00:17


As Digital Gold, Bitcoin is “Just Going to Keep Going Higher,” says Galaxy’s Mike Novogratz

Billionaire investor Mike Novogratz doesn't see Bitcoin as a currency; rather, he doubles down on the digital currency as digital gold. “I don’t think Bitcoin is going to be used as a transactional currency anytime in the next five years,” said Novogratz, founder, and CEO of Galaxy Investment, in an interview with Bloomberg.

2020-10-25 16:30


Why Analysts Think XRP Has The “Worst Looking Chart” in the Crypto Market

XRP’s price rallied overnight and is finally starting to see some of the momentum that has recently been incurred by the rest of the crypto market Despite this, analysts are noting that there are some troubling signs regarding the crypto’s near-term strength As a result of these signs, one analyst is even going so far as to note that XRP has one of the worst charts of all cryptocurrencies He explained that its upwards price […]

2020-7-30 23:00


Мнение: не биткоин, а цифровой юань угрожает гегемонии доллара США

Поддерживаемый государством цифровой актив станет более значимым вызовом для США, чем биткоин или Libra. Такое мнение высказал бывший главный экономист МВФ Кеннет Рогофф. «I think next year in China we’re probably going to see it on a large scale… people haven’t really got their heads wrapped around how fast that’s coming” says @krogoff Econ Prof […]

2019-11-29 11:30


Фото:

Экс-советник Трампа: восстание популистов по всему миру поможет развитию криптовалют

Бывший главный стратег администрации Дональда Трампа, известный консерватор и глава совета директоров Breitbart News Стивен Бэннон заявил, что развитию и принятию криптовалют способствует текущая геополитическая ситуация.

2019-8-4 10:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru