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Morgan Stanley May Bet on Bitcoin in $150 Billion Investment Arm


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Counterpoint Global, a unit of Morgan Stanley Investment Management that’s racked up wins in mutual-fund rankings, is exploring whether the cryptocurrency would be a suitable option for its investors, according to people with knowledge of the matter. Moving ahead with investments would require approval by the firm and regulators.

https://www.bloomberg.com/news/articles/2021-02-13/morgan-stanley-may-bet-on-bitcoin-in-150-billion-investment-arm

https://www.coindesk.com/morgan-stanley-unit-considers-150-billion-bitcoin-investment-bloomberg

I think this is a better article. Actually tells you in the headline that Morgan Stanley is:

considering a 150 million dollar investment into Bitcoin

  • not 150 billion

And it has a nice quote at the end by Janet Yellen, US Treasury Secretary, reminding everyone that government regulation can still bring volatility to the crypto market:

https://www.businessinsider.com/bitcoin-morgan-stanley-arm-eyeing-150-million-bitcoin-buy-bloomberg-2021-2

 

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