Morgan Stanley CEO: Bitcoin Is ‘More Than Just A Fad’
Morgan Stanley CEO James Gorman thinks that bitcoin is more than a "fad," according to new statements.
CLS, the bank-owned currency trading utility, and IBM have gone live with their blockchain-based payment netting service after more than two years in development.
Cryptocurrencies are now a new institutional investment class, rather than a fully developed electronic cash, a Morgan Stanley report says.
Morgan Stanley is acquiring E*Trade for $13 billion, hoping to target its 5.2 million-strong client base.
Banking giant Morgan Stanley has estimated that hedge funds invested $2 billion in cryptocurrencies this year.
Morgan Stanley Chairman and CEO James Gorman has added to recent criticism of bitcoin in new comments.