Morgan Stanley Considers Bet on Bitcoin

2021-2-13 20:54

A famed $150 billion investment arm of the American bank Morgan Stanley is considering adding Bitcoin to its list of hedges.

Stanley Wants a Piece

According to a report by Bloomberg, an investment unit of Wall St. giant Morgan Stanley is considering adding Bitcoin to its portfolio pending an exploration of client needs.

The investment arm, called Counterpoint Global (CG), is worth over $150 billion and became famous in the mutual-fund world for its record of successful performance in the space.

In order to move forward with any investment in the top cryptocurrency, CG would need approval from Morgan Stanley and regulators.

However, if CG did go ahead, it would essentially mean that Morgan Stanley approves of an investment in the volatile cryptocurrency.

Counterpoint Global invests primarily in established and emerging companies of all sizes in the United States. It also invests in “large-cap” companies globally.

Breaking News: Morgan Stanley rumored to bet on #Bitcoin in $150,000,000,000 investment arm! pic.twitter.com/QDqueK8UNE

— Trevon James (@BitcoinTre) February 13, 2021 Wall St. Institutions Attack

Indeed, Morgan Stanley’s approval of Bitcoin would now not be considered an outlier. The Bloomberg report follows the news that BNY Mellon, another Wall St. giant, is launching cryptocurrency custody services for its clients.

The 247 year old banking giant has $2.2 trillion in assets under management, with over $41 trillion in custody. Its founder, Alexander Hamilton, also adorns the $10 bill.

If ever there was an embodiment of traditional banking, it would be BNY Mellon, and they now seemingly support cryptocurrencies.

Moreover, globally, a number of the oldest banks in the world are following suit. Italy’s largest bank, Banca Generali, revealed plans last year to offer cryptocurrency custody as part of its efforts to serve clients interested in the industry.

Additionally, cryptocurrencies were the hottest topic in finance at the establishment-laden World Economic Forum meeting in Davis this year.

The Market Grows

All of this comes as the cryptocurrency market continues to grow, with interest coming from every direction, including institutions.

Early last week, Tesla revealed a $1.5 billion Bitcoin purchase in a filing made with the Securities and Exchange Commission. This prompted the top cryptocurrency to break out of a week of ranging, soaring past $42,000.

Currently, Bitcoin is settling at $47,300, just $1000 away from its all-time high. The total cryptocurrency market capitalization is also at a record high, hovering at $1.49 trillion.

As we welcome BNY Mellon and potentially Morgan Stanley by proxy, expect the optimism behind these record performances to continue.

The post Morgan Stanley Considers Bet on Bitcoin appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 94681.06 (-0.47%)
Объем 24H $43.637b
Изменеия 24h: -2.62 %, 7d: -10.44 %
Cегодня L: $94531.99 - H: $95637.28
Капитализация $1874.673b Rank 1
Цена в час новости $ 46835.22 (102.16%)

stanley bitcoin morgan considering giant adding client

Источник: beincrypto.com

stanley bitcoin → Результатов: 97


Morgan Stanley Increases its Stake In BTC HOLDer MicroStrategy to 10.9%

Banking giant Morgan Stanley has jumped on the Bitcoin bandwagon via MicroStrategy Inc. by increasing its stake in the company to more than 10% late last year. According to a filing with the US Securities and Exchange Commission (SEC) on Friday, the investment management arm of the bank held 792,627 shares of MicroStrategy by the […] The post Morgan Stanley Increases its Stake In BTC HOLDer MicroStrategy to 10.9% first appeared on BitcoinExchangeGuide.

2021-1-9 18:03


Фото:

Billionaire Stanley Druckenmiller Owns Bitcoin, Sees Attractive Store of Value That Could Beat Gold

Billionaire investor Stanley Druckenmiller has revealed that he owns bitcoin, calling it an asset class that has a lot of attraction as a store of value and could be better than gold. Stan Druckenmiller Owns Bitcoin Stanley Druckenmiller revealed on Monday that he owns bitcoin and explained why it could be a better investment than […] The post Billionaire Stanley Druckenmiller Owns Bitcoin, Sees Attractive Store of Value That Could Beat Gold appeared first on Bitcoin News.

2020-11-11 00:30


Another Legendary Investor Becomes A Bitcoiner, From ‘Why We Need This Thing’ To Betting Big On BTC

Billionaire investor Stanley Druckenmiller said on CNBC on Monday that he owns Bitcoin, becoming the latest high-profile to get in on the leading digital currency. The legendary investor said, “I’m a bit of a dinosaur, but I have warmed up to the fact that Bitcoin could be an asset class that has a lot of […] The post Another Legendary Investor Becomes A Bitcoiner, From 'Why We Need This Thing' To Betting Big On BTC first appeared on BitcoinExchangeGuide.

2020-11-11 18:49


Morgan Stanley Head of Emerging Markets: Millennials Prefer Bitcoin (BTC) To Gold

Morgan Stanley's executive states Bitcoin (BTC) and gold are favorable options for investors to hedge against the central banks’ expansionary monetary policies. Speaking on a First Move with Julia Chatterley's interview on CNN, Morgan Stanley’s head of emerging markets and chief global strategist, Ruchir Sharma, further explained that when it comes to asset investing, more […] The post Morgan Stanley Head of Emerging Markets: Millennials Prefer Bitcoin (BTC) To Gold first appeared on BitcoinExchangeGuide.

2020-9-9 19:11


Bitcoin’s Perfect Storm On The Horizon As Analyst Calls For ‘Inevitable’ Dollar Collapse

A new forecast from a chief Morgan Stanley executive claims the dollar is due for a severe crash that could benefit Bitcoin in a major way. What’s fueling this “inevitable” dollar collapse, and why does it make for a perfect storm for the first-ever cryptocurrency? Morgan Stanley Asia Chairman: The Dollar Is Inevitably Doomed For […]

2020-6-17 20:30


Crypto Funds Are Growing Faster Than Other Hedge Fund Market Segments, #WhenMoon Bitcoin?

The most prominent and largest banks in the world, including Goldman Sachs and Morgan Stanley, could be surprised by the fast-growing rates registered by some cryptocurrency hedge funds. What will traditional and dominant financial institutions do with the growing influence of virtual currencies? Crypto Hedge Funds Perform Better Than Others Although the bear market of […]

2019-4-28 20:55


Фото:

Goldman Sachs ‘Missing Out’ as Crypto Fund Assets Soar to $15 Billion

Wall Street giants such as Goldman Sachs are increasingly at risk of being left behind as cryptocurrency funds are the fastest growing segment of the hedge fund industry. Cryptocurrency Hedge Funds Are Growing the Fastest A few months ago, Wall Street seemed to be embracing Bitcoin, and giants such as Goldman Sachs and Morgan Stanley were developing infrastructures to trade Bitcoin.

2019-4-27 21:00


Emerging Markets are Surging and Investors Could Send Bitcoin Moon-Bound

Emerging markets and their respective currencies are on the rise, which historically has had some correlation with the price of Bitcoin. According to Morgan Stanley, the global emerging markets benchmark is expected to rise by around 8 percent in 2019, primarily due to the increase in interest in the Chinese stock market following the optimistic prospect of the trade deal.

2019-3-13 15:45


Morgan Stanley верит, что биткоин останется надолго

Крупные финансовые организации не считают, что Bitcoin находится под угрозой исчезновения, рассказал руководитель Coinbase Маркус Хьюз. Об этом пишет РБК Крипто. По мнению банка Morgan Stanley, например, криптовалюта останется надолго.

2019-1-22 13:39


Фото:

Эксперты: Уолл-стрит больше не верит в мечты о bitcoin

Goldman Sachs, Morgan Stanley и другие гиганты с Уолл-стрит всё меньше усилий вкладывают в развитие торговли цифровыми активами. Некоторые, однако, продолжают выстраивать трейдинговую инфраструктуру для институциональных инвесторов, сообщает Bloomberg.

2018-12-24 17:33


New Bloomberg Report Shows Wall Street Banks Shun Bitcoin, Distance Away from Crypto Markets

In a recent report released by Bloomberg, recognized Wall Street firms such as Goldman Sachs, Morgan Stanley or Barclays, are still far from launching crypto-related products. During 2018, several analysts believed that these institutions were going to release crypto-related products to the market as soon as in the first part of 2019. Nevertheless, these products […]

2018-12-24 21:31


Биткоин обновил годовой минимум, потеряв в стоимости еще более 14%

Вечером 19 ноября рынок криптовалют вновь потерпел очередное падение, биткоин упал в цене и стал стоить ниже $5 тысяч. Это новый годовой минимум первой криптовалюты с октября прошлого года. Напомним, неделю назад цена биткоин упала сразу на 14% до уровня $5,4 тысяч.

2018-11-20 08:59


BTC/USD Price Analysis: Institutions Buying Bitcoin ahead of Bakkt Bitcoin Futures Launch as Price Bounce off $6,000

Latest Bitcoin News It is increasingly becoming clear that institutions are beginning to embrace crypto as an investment asset. After Morgan Stanley research findings concluded that BTC is no longer a store of value but an institutional asset class, it is only necessary for regulators to formulate laws that satiate the demand of investors.

2018-11-5 16:29


дальше еще 48 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Что ждет крипторынок на этой неделе?

С 14 по 18 октября нас ждут важные события, которые могут повлиять на цену Биткоина (BTC). Вот на что стоит обратить внимание: Отчет ОПЕК (понедельник) — ежемесячный анализ рынка нефти. Отчет по розничным продажам за сентябрь (четверг) — покажет, как активно люди тратят деньги.

Crypto exchange Backpack hires Citibank veteran as head of audit

Cryptocurrency exchange Backpack founded by ex-FTX employees has onboarded Citibank expert to serve as its head of audit. Crypto trading platform Backpack has onboarded banking veteran Laurence King to serve as the company’s head of audit in an effort to…

Morgan Stanley to get OpenAI powered assistant to help employees

Morgan Stanley is pushing further into artificial intelligence adoption with a new assistant expected to save thousands of hours for the bank’s financial advisors. The assistant, called Debrief, is designed to log detailed records of advisors’ meetings and automatically generate draft emails and summaries of discussions.