Is Bitcoin just a fad? Well, that really depends on who you ask. While a number of big-time Wall Street banks don’t take cryptocurrency that seriously, Morgan Stanley says otherwise. According to him, the future is bright for cryptocurrency and we need to start paying serious attention to it.
MORGAN STANLEY SAYS BITCOIN IS NOT A FAD
Morgan Stanley CEO J. Gorman states that Bitcoin is more than a fad. What interests Gorman most about cryptocurrency is the anonymous nature of it all. He’s not wrong.
We live in an age where privacy is becoming more valuable. People are starting to cherish it and any institution that doesn’t is facing an obsolete future. Right now, digital currency is far ahead of the modern banking system in that regard. Maybe that explains their recent success.
BITCOIN PROVING MORGAN STANLEY RIGHT
If you don’t want to believe Morgan Stanley about the future of Bitcoin, then just look at the facts. They’re all there. Over the last few months, the popularity of digital currency soared.
People are starting to catch on to this whole blockchain technology and along with that, the technology itself is getting better. Transaction times are becoming shorter, encouraging more to use it. All that being said, is it wise to invest in it?
MORGAN STANLEY NOT INVESTING IN BITCOIN YET
According to Gorman he still hasn’t invested in the digital currency. Like many others, Gorman is noticing how prices are increasing at an incredible rate. Hence, many are starting to think if this means a bubble that will soon burst.
Still, Gorman says the digital currency is not a bad thing. At least not yet. For now, he is going to keep a close eye on its growth and how the technology itself continues to develop. It’s still young and the potential for negative manipulation is still there.