Morgan Stanley's executive compares bitcoins resistance with Kenny, who dies in every South Park episode-
Morgan Stanley's executive compares bitcoins resistance with Kenny, who dies in every South Park episode-
Dennis Lynch by Morgan Stanley Investment Management says that the resistance of Bitcoin like Kenny from the popular TV series South Park is. Kenny died in a strange way in almost every episode, but always came back, just like Bitcoin jumps back to a bear market every time.
Bitcoin is similar in South Park, says Morgan Stanley's Executive
Dennis Lynch by Morgan Stanley spoke at the annual investment conference of Morningstar on Thursday about Bitcoin's resistance. Lynch is the head of the Counterpoint Global team at Morgan Stanley Investment Management, the bank's asset management department. He came to Morgan Stanley in 1998 and has 27 years of investment experience. The Morgan Stanley Counterpoint Global team "invests mainly in established and emerging companies worldwide," says the company's website.
lynch compared the ability of the cryptocurrency to recover and recover from bear markets and massive sales, with Kenny, a figure from the popular TV sign tricks South Park, and explained:
I like to say that Bitcoin is a bit like Kenny from South Park - he dies every episode and is back.
The South Park Show follows the stories of four boys: Stan Marsh, Kyle Broflovski, Eric Cartman and Kenny McCormick. During the first five seasons of the show, Kenny died in almost every episode before returning in the next with little to no final explanation.
Morgan Stanley manager said that Bitcoin, like Kenny, comes back from the comedy Central franchise again and again.
according to " bitcoin-after call " by 99 bitcoin, btc died 430 times, 37 times this year. In comparison, the cryptocurrency only died 14 times in 2020 and 41 times in 2019.
lynch added that Bitcoin "has some 'anti -fragile' properties", and explained:
It is somehow small in the portfolio that it may be something that can go right if the rest of our portfolios go wrong ... Bitcoin's persistence is worth a small speculation in ten years.
The board said that he could imagine that Bitcoin "benefits from various environments, regardless of whether people consider it a digital gold or really question the Fiat currency in the face of all the incentives and politics, and referred to the" accommodating "policy of Fed and the low interest rate environment.
Morgan Stanley was one of the first major banks to introduce Bitcoin. The company made Bitcoin-Fonds available for customers back in March and added Bitcoin 12 investment funds 'investment strategies in the following month. In addition, the global investment bank recently has its own research team Cryptocurrencies .
What do you think of comparing Bitcoin with Kenny from South Park? Let us know in the comment area below.
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