April 25, 2024

Morgan Stanley plans to invest in bitcoin

Morgan Stanley plans to invest in bitcoin

According to Bloomberg, Counterpoint Global, a unit of Morgan Stanley Investment Management, is exploring the possibility of acquiringbitcoin for their investors.

As the price and popularity of BTC rises, Wall Street financial companies are showing increased interest in the first cryptocurrency.

Morgan Stanley plans to invest in bitcoin

Counterpoint Global – this is large scaleasset management company with $150 billion capital. She is known for tracking companies with high growth potential, such as Amazon, Slack and Zoom, and investing in the early stages of a business.

Morgan Stanley has already shown interest in crypto investments. In January the bank acquired an 11% stake in Microstrategy, considering it a profitable investment for its clients. 

List of major banking institutions thatstrive to join the cryptocurrency market, which is constantly growing. The largest conglomerate of American banks JP Morgan and payment giant Visa have confirmed their plans to support cryptocurrency payment services. 

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