James Gorman, former CEO of Morgan Stanley, expressed skepticism about Bitcoin's value as a storage medium, considering it too speculative and volatile for it to be a core investment. Despite this, he acknowledged that Bitcoin is not a fad and is here to stay. Gorman also commented on the recent bank failures, attributing them to poor management rather than an industry crisis, and shared a positive outlook on the U.S. economy, downplaying the likelihood of a recession.