According to financial news site The Street, BoA analysts on March 17 called Bitcoin “impractical as a store of wealth or payments mechanism,” adding, that there is no good reason to invest in Bitcoin “unless you see the price going up.” Beyond that, Investopedia editor-in-chief Caleb Silver said a survey showed the only bubble investors are worried about is Bitcoin.
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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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NYDIG is the third company applying for the Gensler-era SEC's approval on a bitcoin ETF (Photo: Gerd Altmann/Pixabay)New York Digital Investment Group seeks Bitcoin ETF approval
The Bitcoin-focused firm’s filing, which includes a partnership with Morgan Stanley, comes as Canada approved two Bitcoin ETFs in a week
NYDIG’s U.S. application with the SEC joins others by investment firm VanEck, which filed on Dec. 30, and the Feb. 5 filing by bitcoin fund manager Valkyrie Digital Assets. The three U.S. applications are just the latest step in a years-long and so far useless battle by bitcoin proponents to launch an ETF in the U.S. But with anti-bitcoin SEC Chairman Jay Clayton replaced by a new, crypto-knowledgeable acting SEC chairman in Gary Gensler, many believe that is about to change.
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Must-reads for September 17, 2018: Tracking people through crypto, gold bashing, Goldman Sachs, and bragging wrongs
Here are the crypto stories you should be watching today
How bitcoin helped track down suspects in the Russia investigation (Vice) By now we know that with just a little bit of data, you can get a whole lot of info on someone through Bitcoin’s blockchain. This Vice video shows one of the ways Robert Mueller’s team did it. Goldman Sachs, Morgan Stanley, Citigroup and NYSE Owner Prepare to Back Bitcoin and Cryptocurrency (Daily HODL) Nothing profound here but just a quick roundup of what some of the larger institutions are doing Bitcoin-related on Wall Street. Bitcoin in Switzerland (CoinTelegraph) A fun 10-minute video of how into bitcoin the Swiss are. Well, at least some of them. Anyway,…
