Counterpoint Global, the investment arm of Morgan Stanley, which manages $ 150 billion in assets, is considering buying bitcoin.
The division’s analysts are now assessing how investment in bitcoin suits the company’s customers. Even if the first cryptocurrency is recognized as suitable for investment, Counterpoint Global will have to get approval from regulators and bank management.
It is likely that analysts will nevertheless decide to stay away from bitcoin due to the high volatility and riskiness of this asset. At the same time, Counterpoint Global’s investment policy is to invest in new companies whose capitalization can grow significantly.
Buying bitcoins fits this policy perfectly. However, Morgan Stanley officials declined to comment on the matter. Recall that recently the custodian service BlockFi announced the official launch of the Bitcoin Trust, an analogue of the popular products of Grayscale Investments.
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