Morgan Stanley Chair James Gorman Once Said Bitcoin's Role In Wealthy People's Financial Fabric Would Be Very Small: The Investment Bank Is Now On A Roll Recommending King Crypto To Clients
Portfolio Pulse from Aniket Verma
Morgan Stanley, despite previous skepticism from its chairman James Gorman, is now actively recommending Bitcoin-related investments to its clients. The bank has authorized its advisors to suggest Bitcoin ETFs to wealthy clients, reflecting a significant shift in its stance on cryptocurrency.
October 16, 2024 | 9:33 am
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Morgan Stanley is now recommending Bitcoin ETFs to its wealthy clients, marking a shift from previous skepticism by its chairman. This could indicate a strategic move to capitalize on the growing interest in cryptocurrency.
Morgan Stanley's decision to recommend Bitcoin ETFs to its clients suggests a strategic pivot towards embracing cryptocurrency investments. This move could attract more clients interested in crypto, potentially boosting the bank's revenue and stock price.
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