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Financial Mogul Morgan Stanley May Buy Bitcoin Through Its Investment Arm

Morgan Stanley might become the next major institution to jump on the Bitcoin bandwagon.

  • According to a recent report by Bloomberg, a unit of Morgan Stanley Investment Management called Counterpoint Global is exploring whether or not BTC would be a suitable option for its current investors.
  • Sourcing people familiar with the matter, the report says that moving ahead with an investment of the kind would require approval by regulators and by the company itself.
  • It’s also worth noting that the review might also result in Morgan Stanley deciding to stay away from the cryptocurrency.
  • At the time of this writing, there’s no further information on the matter.
  • Nevertheless, Morgan Stanley does have a position in MicroStrategy, meaning that it is somewhat exposed to Bitcoin anyways.
  • As CryptoPotato recently reported, Tesla became the latest major corporation to announce a Bitcoin buy.
  • The company has bought as much as $1.5 billion worth of the cryptocurrency in January.
  • Not only that, but it also revealed they could potentially accept Bitcoin for its products.
  • It appears that institutional interest in the cryptocurrency continues to increase in 2021. This was further reaffirmed by the CEO of Grayscale – the leading crypto-asset manager, who said that it’s no longer a question of “why” but “why not” for institutions when it comes to Bitcoin’s merits.

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About The Author

George Georgiev

Georgi Georgiev is CryptoPotato’s editor-in-chief and a seasoned writer with over two years of experience writing about blockchain and cryptocurrencies. Georgi’s passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn’t looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn

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