Morgan Stanley Strategist: Bitcoin Rising to Replace US Dollar as World’s Res...

Morgan Stanley Strategist: Bitcoin Rising to Replace US Dollar as World’s Res...

Morgan Stanley’s global strategist has made a case that bitcoin is making progress towards replacing the U.S. dollar as the world’s reserve currency. “Do not assume that your traditional currencies are the only stores of value, or mediums of exchange, that people will ever trust,” he warned governments. Bitcoin Is on Its Way to Becoming the World’s Reserve Currency Morgan Stanley Investment Management’s chief global strategist and head of emerging markets, Ruchir Sharma, published an opinion piece in the Financial Times on Wednesday. He explained how....


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Morgan Stanley: Cryptocurrencies Here to Stay as Serious Asset Class, Bitcoin...

Morgan Stanley’s chief global strategist says that “regardless of where the price of bitcoin goes next, cryptocurrencies are here to stay as a serious asset class.” He added that bitcoin is making progress towards replacing the dollar as a medium of exchange. Morgan Stanley Bullish on Bitcoin and Cryptocurrencies Morgan Stanley’s head of emerging markets and chief global strategist, Ruchir Sharma, published a report entitled “Why Crypto Is Coming Out of the Shadows” on the Morgan Stanley website last week. “Despite the jitters natural in a global....

Bitcoin will gain from distrust in traditional finance, says bank strategist

Will Bitcoin end the dollar’s supremacy one day? Bitcoin (BTC) poses a significant threat to the world’s reserve currency, the United States dollar, according to a strategist at major American investment bank Morgan Stanley.Ruchir Sharma, chief global strategist at Morgan Stanley Investment Management, believes that the dollar’s reign is likely to end due to global distrust in traditional finance, while Bitcoin is likely to capitalize on that lack of confidence.In a Dec. 9 article in The Financial Times, Sharma provided a brief outline on the history of the world’s reserve currencies,....

Why Morgan Stanley is gaining exposure to Bitcoin (BTC)?

In yet another bullish announcement for Bitcoin this week, banking giant Morgan Stanley has filed a document with the Securities and Exchange Commission (SEC) to gain exposure to BTC. Per the document, 12 of Morgan Stanley’s investment funds will allocate capital in BTC financial products. Morgan Stanley’s investment funds eligible to gain indirect exposure to […]

Morgan Stanley Massively Increases Bitcoin Exposure Through Microstrategy

Global investment bank Morgan Stanley has increased its bitcoin exposure manyfold by investing in Microstrategy, the Nasdaq-listed company which currently holds about 70,470 bitcoins. Morgan Stanley now has a 10.9% stake in Microstrategy. ‘Even Banks Want Bitcoin’ Global financial services firm Morgan Stanley has significantly increased its exposure to bitcoin, the company’s filing with the U.S. Securities and Exchange Commission (SEC) on Friday shows. Morgan Stanley has declared that it now owns 792,627 shares of Microstrategy. The Nasdaq-listed company has been stacking....

Bitcoin price rebounds as Morgan Stanley reportedly considering buying BTC

The price of Bitcoin is beginning to recover after news broke that Morgan Stanley's investment arm is considering buying BTC. Morgan Stanley, one of the biggest investment banks in the U.S., is reportedly considering investing in Bitcoin (BTC), according to reports.Bloomberg reported that Morgan Stanley’s $150 billion investing arm called Counterpoint Global could place Bitcoin to “its list of possible bets.”BTC/USDT 1-hour price chart (Binance). Source: TradingView.comBitcoin begins recovery after the newsHours before the news was released, the price of Bitcoin dropped by nearly 4% from....