Morgan Stanley is Considering $150 Billion Bitcoin Investment

Morgan Stanley, one of the largest investment companies in the world, is considering purchasing bitcoins as an investment asset.

February 15, 2021 | AtoZ Markets – Counterpoint Global, a division of Morgan Stanley Investment Management, which manages about $ 150 billion in investments, is considering acquiring bitcoin as an investment asset, according to a report by Bloomberg.

As explained in the company, in order to make a final decision on the purchase of cryptoassets, it is necessary to obtain the approval of the head office, as well as regulatory authorities.

Such a decision by Morgan Stanley could change the centuries-old history of Wall Street investors, who still believe exclusively in traditional assets and are in no hurry to accept digital currencies as investments.

Meanwhile, Bitcoin has updated its next all-time maximum at $49,258, coming close to the next key barrier of $50,000, which may be taken this new week.

Morgan Stanley representatives have not yet commented on the news. There are many skeptics among the company’s management who oppose Bitcoin. Most of the concerns are based on the unpredictability of fluctuations in the price of cryptocurrencies, high volatility, and the lack of real Bitcoin backing. Bloomberg experts do not exclude that the company will ultimately refuse to invest in a risky asset.

Wall Street invests in bitcoin through intermediaries

Despite the fact that Morgan Stanley has not made a final decision on the bitcoin account, some of the large investment companies from Wall Street are already investing in cryptocurrencies through intermediaries, which are trusts.

Last year, the investment company Grayscale launched more than a dozen trusts, which open up opportunities for investing in cryptocurrencies such as bitcoin, Ethereum, Chainlink, Litecoin, and others. The company also creates trusts for DeFi tokens, which are also popular with investors from Wall Street and beyond.

According to Grayscale analysts, Bitcoin will become the most sought-after investment in the next 25 years.

“We estimate that over the next 25 years, more than $68 trillion will pass from the older generation to the younger generation, and investment capital will begin to spill over into uncorrelated assets like Bitcoin. The survey showed that millennials are much more likely to buy, hold and use bitcoin, but most of them have not yet reached the peak of their careers,” the company said .

This effectively means that investment in bitcoin will continue to grow, with corporate investors and millennials becoming the main contributors, who will inherit billions of dollars from their relatives.

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