Bitcoin will not disappear

Bitcoin will not disappear

James Gorman - Chief Executive Officer at Morgan Stanley - believes that cryptocurrencies are more than just a persistent trend. He claimed that his institute will offer his customers a greater variety of digital assets services if supervisory authorities in the industry impose regulations.

crypto: to stay here

During Morgan Stanley's conference call for the third quarter, James Gorman - Chairman and CEO of the company -

"I don't think it will go away. I don't know how high the value of Bitcoin should be or not, but these things will not disappear. And the supported blockchain technology is obviously very real and powerful."

Morgan Stanley-a huge multinational investment bank- offers Digital Asset Services for institutional customers by giving them access to Bitcoin funds. Gorman announced that the company could provide further crypto options depending on the future regulations:

"It is simply not a large part of our customers' business demand, and that can develop and we will develop with him. We pay attention to it, are respectful and will wait and see how the supervisory authorities deal with it."

James Gorman, Euromoney

Bitcoin is Anty-Fragile

The positive attitude from Morgan Stanley to Bitcoin does not end at James Gorman. Last month, Dennis Lynch-Head of Counterpoint Global of the Institution- specified that the primary cryptocurrency has the ability to gain in times of economic disorders by calling it "anti-fragile".

as such, Lynch drew an interesting comparison between BTC and one of the main characters of the award -winning cartoon series "South Park" - Kenny, who dies in every episode and comes back in the following.

In this context it is worth noting that Bitcoin announced more than 400 times "dead". Despite its dropouts over the years, it has always managed to overcome the difficulties, and now, 12 years after its foundation, it is an asset with a market capitalization of over $ 1 trillion.

The manager of Morgan Stanley is not only a supporter of the leading digital asset, but also a Hodler. In his opinion, it represents a global trend that follows society, which is one of the factors when looking at innovation:

"to have a little bit of things where things can go well, but also to know that some things can go wrong is not unreasonable if you have a world in which such disorders occur and in which these upward scenarios are so big."

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