“Morgan Stanley’s announcement to offer bitcoin to their clients ($5T) in April ushers in a new era,” Eric Weiss, CEO of Bitcoin Investment Group, concluded. “A tidal wave of money is about to flow into bitcoin. Every major bank will follow. Nothing will ever be the same.”
Markets Report: Bitcoin price hits $59K after Morgan Stanley rumors flood media
Claims which first appeared in CNBC point to Morgan Stanley becoming the first major bank to offer Bitcoin fund exposure
After a lingering closer to $50,000 support, Bitcoin saw a boost as mainstream media reported a market entry soon to come from Morgan Stanley. According to unnamed sources talking to CNBC, the bank will provide wealthy clients with $2 million or more in assets exposure to three Bitcoin funds.
Markets Report: PlanB says Bitcoin price ‘Won’t stop at $100K’ despite price dip
Little interest in this week’s price retracement as attention focuses on a “game-changing” institutional adoption wave reportedly soon to hit the headlines
As for institutional adoption, “...I don't think, I know, starting more or less next week, you're going to see an absolute drumbeat of pretty game-changing milestones from some of these firms,” said NYDIG CEO Robby Gutmann.
Markets Report: Bitcoin puts in $54K low but strong holders keep demand flowing
The week’s downturn stays in force as analysts disagree over its root cause but buyers are far from in short supply
Bitcoin stayed lower on March 16 as the week’s comedown from all-time highs accelerated overnight. The move compounds an already bearish turn in Bitcoin markets which followed new all-time highs of $61,700 during the weekend.