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Counterpoint Global, a division of Morgan Stanley Investment Management, is considering investing in the first cryptocurrency. It is reported by Bloomberg.
To start investing in cryptocurrency, a firm with $ 150 billion in assets must first get approval from Morgan Stanley and regulators.
“Counterpoint Global, one of our active wealth management teams, is focused on long-term investments in companies whose market value could increase significantly for fundamental reasons,” says Morgan Stanley’s website.
Last month financial conglomerate Morgan Stanley acquires 11% of MicroStrategyinvesting aggressively in digital gold.
Formerly Chief Global Strategist at Morgan Stanley Ruchir Sharma statedthat Bitcoin is capable of stripping the dollar of its reserve currency status.
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