“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.”
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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.
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Visa CEO: We’ll let you spend crypto at 70 million merchants
Al Kelly said Visa wants to be an intermediary between crypto holders and merchants—the role Satoshi Nakamoto sought to eliminate with Bitcoin
“We’re trying to do two things,” Kelly said. “One is to enable the purchase of bitcoin on Visa credentials.” The second, he added, is “working with bitcoin wallets to allow the bitcoin to be translated into a fiat currency” that can be immediately “used at any of the 70 million places around the world where Visa is accepted.”
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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.
