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Morgan Stanley's investment arm weighs adding bitcoin to its list of bets: Bloomberg News

CryptocurrencyFeb 14, 2021 09:25AM ET

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Morgan Stanley's investment arm weighs adding bitcoin to its list of bets: Bloomberg News

© Reuters. FILE PHOTO: A sign is displayed on the Morgan Stanley building in New York

(Reuters) - Morgan Stanley (NYSE:MS)'s investment arm is weighing whether to add digital currency bitcoin to its list of possible bets, Bloomberg News reported https://www.bloomberg.com/news/articles/2021-02-13/morgan-stanley-may-bet-on-bitcoin-in-150-billion-investment-arm?sref=SCAzRb9t on Saturday, citing people with knowledge of the matter.

Counterpoint Global, the $150 billion investing arm of Morgan Stanley Investment Management, is exploring whether the cryptocurrency would be a suitable option for its investors, the report added.

Morgan Stanley declined to comment.

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Comments (3)

MK MK Feb 14, 2021 12:35PM ET

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Why would they inform sheeps about that? )))

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michael polic Feb 14, 2021 11:10AM ET

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all these major institutions adding bitcoin, I wonder if they realize that the Federal government will step in here are start regulations on the currency. it's likely only a matter of time when the government creates their crypto.

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demis ili Feb 14, 2021 11:10AM ET

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governments create fiat money, in huge amounts that is! heading to a limited supply coin protects you against their madness! intrinsic value of paper money will eventually go back to zero!

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michael polic Feb 14, 2021 11:10AM ET

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and so will Bitcoin, two countries have already banned it.

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George Sampoang Feb 14, 2021 11:10AM ET

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Nigerians will use VPN to buy Bitcoin and their government will lose millions in tax revenues.

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Joementum Feb 14, 2021 10:43AM ET

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lol

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