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

Published 02/13/2021, 11:59 AM
Updated 02/14/2021, 09:25 AM
© 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.

Latest comments

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.
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!
and so will Bitcoin, two countries have already banned it.
Nigerians will use VPN to buy Bitcoin and their government will lose millions in tax revenues.
lol
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