One of the largest investment companies in the world of Morgan Stanley is considering the opportunity to purchase bitcoins as an investment asset
In the footsteps of MicroStrategy and GRAYScale
Counterpoint Global, a division of Morgan Stanley Investment Management, which manages investments in order of $ 150 billion, considers the possibility of acquiring Bitcoin as an investment asset. This is reported by the Bloomberg edition.
As explained in the company, to make a final decision on the purchase of cryptoacivals, it is necessary to obtain the approval of the main office, as well as regulatory authorities.
This Morgan Stanley solution can change the centuries-old investor history with Wall Street, which still believe exclusively in traditional assets and are in no hurry to take digital currencies as an investment.
Meanwhile, Bitcoin updated the next historical maximum at $ 49 258 (CoinmarketCAP data), closely approaching the next key barrier of $ 50,000, which can be taken at the beginning of the next week.
Representatives of Morgan Stanley still do not comment on this news. Among the company's management, there are many skeptics that oppose Bitcoin. Basically, the fears are built on the unpredictability of the price fluctuations in cryptocurrency, high volatility and the lack of real bitcoin. Experts Bloomberg do not exclude that ultimately the company will refuse investments in the risky asset.
Wall Street invests in Bitcoin through intermediaries
Despite the fact that Morgan Stanley did not accept the final decision on account of Bitcoin, some of the large investment companies with Wall Street are already investing in cryptocurrencies through intermediaries who are travers.
Last year, GrayScale's investment company launched more than a dozen trusts that open the opportunity to invest in cryptocurrency such as Bitcoin, Ethereum, Chainlink, Litecoin and others. The company also creates trusts for DEFI-tokenes, which are also popular among investors with Wall Street and not only.
According to analysts, GRAYScale, Bitcoin will become the most popular investment in the next 25 years.
It actually means that investing in Bitcoin will continue to grow, and the main depositors will be corporate investors and Millenniyala, who will be inherited billions of dollars from their relatives.
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