Morgan Stanley - Laying the Crypto Groundwork for Bigger Things?
2018年11月7日 - 9:48PM
ADVFN Crypto NewsWire
A new 50+ page report from Morgan Stanley that updates the
status of Bitcoin, cryptocurrencies, and blockchain has concluded
that bitcoin (BTC) is not a store of value, but rather an
institutional asset class.
The most recent report is an update on the initial edition
published by the same company in December of last year that was
titled “Bitcoin Decrypted: A Brief Teach-In and Implications.”
As of writing the research division of Morgan Stanley has
produced a total of 15 reports of this nature thus far.
BTC an institutional asset class, not a store of
value
The new report reveals that the classification of bitcoin as a
“new institutional investment class” has been in existence since
2017 and that cryptocurrency assets under management have been
increasing since the beginning of 2016.
There is a reported $7.11 billion being stored at the moment, of
which 48% are in hedge funds, another 48% are in venture capital,
and 3% are in private equity.
The total number of crypto funds has risen from 31 in 2014, to
an estimated 220 this year.
Hard forks
The report also claims that the seven hard forks that bitcoin
has seen to date are “like stock splits or new class creations,”
however the report also concludes that “unlike a stock split, the
fork is not lowering the price per bitcoin.”
The hard forks in question refer to Bitcoin Cash, Bitcoin Gold,
Bitcoin Diamond, UnitedBitcoin, Bitcoin X, Super Bitcoin, and
Bitcoin Private.
Hacking
The report claims that the Wall Street Journal indicated over
270 initial coin offerings (ICOs), which had raised in excess of $1
billion and were responsible for $273 million worth of losses for
investors, had plagiarised investment documents and missing or fake
executive teams.
The response has seen the likes of Coinbase, as well as others,
“assume bank type responsibilities.”
The end game for Morgan Stanley
The truth is, anyone who believes in the original aim of
cryptocurrency should be concerned at this report, although how
surprised they should be is questionable.
It was only ever a matter of time before we saw institutional
firms answer the increasing call of institutional clients who want
a slice of the crypto pie.
Word on the financial street is that Morgan Stanley is looking
at a couple of key initiatives that could come to market sometime
in 2019.
One of those is a dedicated trade desk that will handle futures,
NDF products and OTC transactions that clients of the company
traffic over other Tier 1 financial institutions, such as Goldman
Sachs and Citibank.
All evidence points towards Morgan Stanley laying the groundwork
required to be a significant player in the crypto market. They’re
just taking the time needed to figure out the best way to go about
it.
Source:
The Daily Hodl
Bitcoin (COIN:BTCUSD)
過去 株価チャート
から 3 2024 まで 4 2024
Bitcoin (COIN:BTCUSD)
過去 株価チャート
から 4 2023 まで 4 2024