Morgan Stanley Investment Arm May Make Bitcoin Bet

2021-2-14 20:15

Counterpoint Global, the $150 billion wing of Morgan Stanley Investment Management (MSIM), is reportedly looking into making a Bitcoin investment.

Morgan Stanley Eyeing Bitcoin

Morgan Stanley could be moving into the cryptoassets space. According to a Bloomberg report published today, the investment bank’s Counterpoint Global arm is considering investing in Bitcoin.

The past few months have seen huge leaps forward in corporate and institutional adoption of Bitcoin and other cryptocurrencies.

MicroStrategy’s $1 billion investment in Bitcoin opened the floodgates for many other high-profile adoption incidents, including a $1.5 billion investment from Tesla and Bitcoin integration by $2 trillion investment giant BNY Mellon.

Morgan Stanley has been edging closer to the booming crypto markets, investing $500 million in MicroStrategy after the business intelligence firm converted its entire cash balance to Bitcoin. MicroStrategy founder Michael Saylor turned his attention to Bitcoin in 2020, and helped kickstart a surge of institutional investment into the asset.

The investment bank boasts $750 billion in assets under management, and remains one of the more recognizable names on Wall Street. An investment into Bitcoin would be another bullish signal for analysts seeking confirmation of strong fundamentals underlying Bitcoin.

Disclosure: The author held Bitcoin at the time of writing. 

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Intelligent Investment Chain (IIC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: -79.71 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0001186 (-100%)

make bitcoin bet may arm stanley investment

Источник: cryptobriefing.com

make bitcoin → Результатов: 126


Buzzex Global Crypto Exchange Announces Start of Trading Operations

Bitcoin Press Release: UK-based crypto exchange platform Buzzex has just announced the start of trading on its’ platform, alongside many developments, competitions, and programs. Friday 29th March, 2019, London, United Kingdom – Buzzex is a new secure digital asset trading platform, built by a group of traders and cryptocurrency enthusiasts, which boasts some unique features.

2019-4-1 10:20


Quedex Bitcoin Futures Trading Platform Is Ready To Roll With Gibraltar’s GFSC DLT License

The Quedex, Which Is A Bitcoin Futures Exchange Is Set For The Gibraltar DLT License The Quedex, which is a Bitcoin options and futures exchange has just gone ahead to announce that the GFSC, Gibraltar Financial Services, has gone ahead to make an in-principle decision, it is the decision to issue the Distributed Ledger Technology […]

2019-3-27 19:45


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Wall Street Veteran Says Ripple IPO Is Coming – Here’s When

A Wall Street financial specialist has made a compelling case for Ripple’s IPO, predicting that the crypto payments provider would launch its IPO in the coming year.   Ripple IPO Imminent Bestselling author and Wall Street investment expert, Linda P.

Jon Stewart Claims Wall Street is as Corrupt as Sam Bankman-Fried

Jon Stewart has criticised Wall Street in his podcast, comparing it to the alleged corruption of former FTX CEO Sam Bankman-Fried. He discussed the issue with Mark Cuban, who agreed with him. The post Jon Stewart Claims Wall Street is as Corrupt as Sam Bankman-Fried appeared first on BeInCrypto.