Bitcoin and Cryptocurrencies a New Institutional Investment Class: Morgan Stanley Report

In another instance of Wall Street warming up to digital currencies, the investment bank Morgan Stanley (NYSE:MS) has released a bullish report on cryptocurrencies, which hails Bitcoin and its peers as a “new institutional investment class”.

In an update to a previous report (“Bitcoin Decrypted: A Brief Teach-In and Implications”) released on October 31, Morgan Stanley’s research division provides an overview of its “rapidly morphing thesis” on Bitcoin and cryptocurrencies, declaring that from 2017 onwards, BTC and other digital currencies had become a new institutional asset class, regardless of the current bear market.

The report states that the cryptocurrency market is seeing an influx of institutional investors, while the number of retail inves…

This article appeared first on Cryptovest

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