Morgan Stanley mulls Bitcoin investment

						Array
(
    [conclusion] => Array
        (
            [0] => 
        )

    [post_sponsor_aff_link] => Array
        (
            [0] => 
        )

    [casino_url] => Array
        (
            [0] => 
        )

    [casino_street_address] => Array
        (
            [0] => 
        )

    [casino_post_code] => Array
        (
            [0] => 
        )

    [year_founded] => Array
        (
            [0] => 
        )

    [withdrawal_limit] => Array
        (
            [0] => 
        )

    [reviewrating] => Array
        (
            [0] => 
        )

    [bestrating] => Array
        (
            [0] => 
        )

    [cgn_score] => Array
        (
            [0] => 
        )

    [casino_key_feature_1] => Array
        (
            [0] => 
        )

    [casino_key_feature_2] => Array
        (
            [0] => 
        )

    [casino_key_feature_3] => Array
        (
            [0] => 
        )

    [bonus_text_top] => Array
        (
            [0] => 
        )

    [bonus_text_bottom] => Array
        (
            [0] => 
        )

    [casino_review_reference] => Array
        (
            [0] => 
        )

    [_wp_page_template] => Array
        (
            [0] => default
        )

    [_thumbnail_id] => Array
        (
            [0] => 14894
        )

    [ppma_authors_name] => Array
        (
            [0] => Alex
        )

)

Last Update: September 21, 2022

2 mins read

Morgan Stanley's Counterpoint Global investment unit, worth some $150bn, is mulling a move into Bitcoin in a bid to get in on the cryptocurrency while the price is still going up.

Reports of the move follow Tesla and PayPal making bids for Bitcoin and cryptocurrencies.

An endorsement by Morgan Stanley could mean greater longevity and stability for Bitcoin, which will move away from its status as a cryptocurrency wild card and gain the institutional backing it needs to be a stable and reliable investment vessel.

Morgan Stanley already owns 11% in MicroStrategy, an intelligence company that focuses on Bitcoin. Another investment in Bitcoin would suggest that Morgan Stanley is serious about the outlook of Bitcoin.

BTC's price hit $49,500 on Sunday and it's been evolving. Investors have been keen to hold onto Bitcoin as well, but in doing so they have weakened its appeal as a currency.

The present developments are a u-turn from early December when investors were skeptical of such developments. Nevertheless, Bitcoin seems to be shaping up nicely as a trusted investment vessel.

While Morgan Stanley has not confirmed or denied the rumors first brought up by Bloomberg, there seems to be growing public confidence in Bitcoin. Should Morgan Stanley deem Bitcoin worth a shot, it may occasion a new flurry of excitement in the cryptocurrency space.

Bitcoin continues to be the preferred currency at places like Bitcasino.io, an online gaming website that was built entirely on the premise of allowing players to bet with BTC and a range of other currencies.

Looking for your next crypto casino? Check out: Mega Dice or FortuneJack

Written by Barney

Co-founder

Barney is co-founder of CryptoGamblingNews.com. When not at work he can usually be found behind a Nikon. He's won numerous international competitions for his photography and volunteers as a content creator for aid organisations in Africa.
Best Casinos to play with…
Bitcoin
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
7-DAY DAPP UPDATE: Shell Games’ fall from grace changes dapp rankings
Divvy.bet: redefining betting

Similar News

Kick 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 8341
            [name] => Kick
            [slug] => kick
            [term_group] => 0
            [term_taxonomy_id] => 8341
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 49
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 4593
            [name] => streaming
            [slug] => streaming
            [term_group] => 0
            [term_taxonomy_id] => 4593
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 51
            [filter] => raw
        )

)

Adin Ross retires from streaming, leaving fans surprised

18/04/2024|07:28

Adin Ross, a prominent figure in the world of online streaming, has announced his retirement, sending shockwaves through his fanbase....
crypto 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 4513
            [name] => crypto
            [slug] => crypto
            [term_group] => 0
            [term_taxonomy_id] => 4513
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 2698
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 3357
            [name] => gambling
            [slug] => gambling
            [term_group] => 0
            [term_taxonomy_id] => 3357
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 738
            [filter] => raw
        )

)

Roobet and Snoop Dogg team up for “Snoop’s High...

18/04/2024|07:15

Roobet, a prominent entertainment brand and rapidly growing crypto casino, has introduced a new game titled “Snoop’s High Rollers” in...
crypto 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 4513
            [name] => crypto
            [slug] => crypto
            [term_group] => 0
            [term_taxonomy_id] => 4513
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 2698
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 3357
            [name] => gambling
            [slug] => gambling
            [term_group] => 0
            [term_taxonomy_id] => 3357
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 738
            [filter] => raw
        )

    [2] => WP_Term Object
        (
            [term_id] => 8771
            [name] => presale
            [slug] => presale
            [term_group] => 0
            [term_taxonomy_id] => 8771
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 3
            [filter] => raw
        )

)

Mega Dice’s $DICE token presale surpasses $300,000

18/04/2024|06:37

Crypto gambling platform Mega Dice has recently launched its new native token, $DICE, in a presale event that has already...