CRYPTONAIRE
WEEKLY CRYPTO investment journal
Morgan Stanley’s $150,000,000,000 Investment Arm Considering Buying Bitcoin: Report
Counterpoint Global, Morgan Stanley’s $150 billion investing arm, is reportedly considering adding Bitcoin to its portfolio of high-growth assets. According to a Bloomberg report, sources familiar with the matter reveal that the investment behemoth is exploring whether the leading crypto asset is the right fit for its investors. Counterpoint Global has managed to deliver gains of over 100% in five of its 19 funds in 2020. Notable investments in the company’s portfolio include Amazon, Shopify, Slack Technologies, Zoom, and Moderna. Should the firm go ahead with a Bitcoin investment, which will require approval from regulators, they’ll join the growing list of financial institutions and corporations who have given in and allocated capital to Bitcoin over the last few months. Counterpoint Global’s potential move into the world’s top cryptocurrency echoes some analysts’ predictions of institutional money getting ready to pile into BTC. Raoul Pal, macro guru and cofounder of Real Vision Finance, said in December that a tidal wave of institutions are prepared to buy Bitcoin. Read more...
Cryptonaire Weekly | February 16th 2021
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