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Morgan Stanley Looking To Invest In Bitcoin

by Carolina Lynch
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A barrage of financial institutions and renowned banks in the world have started to explore the possibilities of Bitcoin investment and services as the largest cryptocurrency price races towards $50,000; No financial player wants to be left out from the Bitcoin frenzy.

Now Morgan Stanley Bank’s investment arm Counterpoint Global is getting into Bitcoin markets.

Investment Arm of Morgan Stanley Considers Bitcoin

As per the news reported by Bloomberg, Counterpoint is considering exploring Bitcoin, since the large number of financial institutions are now exploring Bitcoin and planning to roll out Bitcoin investment services to its clients. The price of Bitcoin has reached massive heights in recent times Counterpoint Global is a $150 Billion entity of the Morgan Stanley bank which provides investment services to its corporate customers. It is mentioned as one of the Active Fundamental Global Equity teams of Morgan Stanley, which provides long term investment to the companies that have significant market value with potential growth.

Recent high institutional investments in Bitcoin have compelled various mainstream investment firms to consider Bitcoin to keep a strong foothold in the crypto markets. MicroStrategy is one of the largest tech firms to invest in Bitcoin at massive scale and holds 70 thousand BTC. It is currently gaining massive returns for making Bitcoin its primary treasury reserve asset as the price of Bitcoin is touching enormous heights. Since December 2020 Bitcoin price has skyrocketed from $20,000 to close to $50,000 and the market experts have some highly optimistic projections for the cryptocurrency.

Recently Tesla, the autonomous vehicle giant also announced that it is investing more than $1.5 billion in Bitcoin. The founder of the company and the richest man in the world, Elon Musk, has been seen lately voicing for Bitcoin, which has propelled the price of the cryptocurrency to a larger extent. The Co-President of JPMorgan Bank, Daniel Pinto was also seen rallying for Bitcoin last week when he said that he is certain that the demand for Bitcoin will surge to a substantial level and the firm will “have to be involved.”


The information discussed by The Coin Magazine is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Do your due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright The Coin Magazine All rights reserved.

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