$ 54,115
$ 2,416.3
$ 260.72
okex ads

Financial Mogul Morgan Stanley May Buy Bitcoin Through Its Investment Arm

Morgan Stanley may become the latest institution to bet on Bitcoin. It is reportedly eyeing the cryptocurrency through one of its investment arms.

Morgan Stanley might become the next major institution to jump on the Bitcoin bandwagon.

According to a recent report by Bloomberg, a unit of Morgan Stanley Investment Management called Counterpoint Global is exploring whether or not BTC would be a suitable option for its current investors.

Sourcing people familiar with the matter, the report says that moving ahead with an investment of the kind would require approval by regulators and by the company itself.

It’s also worth noting that the review might also result in Morgan Stanley deciding to stay away from the cryptocurrency.

At the time of this writing, there’s no further information on the matter. Nevertheless, Morgan Stanley does have a position in MicroStrategy, meaning that it is somewhat exposed to Bitcoin anyways.

As CryptoPotato recently reported, Tesla became the latest major corporation to announce a Bitcoin buy. The company has bought as much as $1.5 billion worth of the cryptocurrency in January. Not only that, but it also revealed they could potentially accept Bitcoin for its products.

It appears that institutional interest in the cryptocurrency continues to increase in 2021. This was further reaffirmed by the CEO of Grayscale – the leading crypto-asset manager, who said that it’s no longer a question of “why” but “why not” for institutions when it comes to Bitcoin’s merits.

Related Posts

Leave a Reply


Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

Popular Posts

Orion Protocol Introduces the First Aggregator Terminal for NFTs
April 21, 2021By
CourageJD Wins $100,000 In Bitcoin After 100T Uno Tournament
April 21, 2021By
Tezos (XTZ) welcomes Ubisoft to the ecosystem as a corporate validator
April 21, 2021By


Video Posts

Opportunities In Blockchain and Crypto Space
April 21, 20210
Blockchain-Based Solution For Security And Scalability For Any Business
April 9, 20210

Crypto Stats

CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin54,115 0.15 % 2.29 % 13.84 %
Ethereum2,416.3 0.19 % 5.24 % 0.55 %
Binance Coin549.68 1.38 % 6.28 % 1.50 %
Tether1.000 0.65 % 0.06 % 0.07 %
Polkadot43.88 0.58 % 0.43 % 36.39 %
Cardano1.210 0.38 % 2.90 % 17.06 %
XRP1.310 0.29 % 7.19 % 28.82 %
Uniswap36.89 0.62 % 16.43 % 2.25 %
Litecoin260.72 0.01 % 0.46 % 6.44 %
Chainlink36.45 0.05 % 3.45 % 11.65 %