Morgan Stanley Joins The Bitcoin Party
According to an interview on Bloomberg Morgan Stanley "has been clearing Bitcoin futures contracts for big institutional clients".
Chief Financial Office of Morgan Stanley added that "[Morgan Stanley] convenes a regular meeting of executives to consider how else to engage with cryptocurrencies".
To put a little more context around this story, just a few days ago, the first Bitcoin futures contracts launched by CBoE matured, marking a significant milestone of the cryptocurrency in mainstream financial trading.
My 2 cents: the more we're going to see actors from Wall Street joining the game, the more FUD will be spread. Just think for a while: why all the news scandal with "regulation" and "clamping down on crypto", if Wall Street keeps launching products and strategies for their clients? Who benefits from that?
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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Hopefully it won’t be long before some more big Institutions get involved with the crypto currency market, cheers mike
people will react less and less to all the FUD-ing. Since september there hasn't been a pull back that lasted more than a few days.
Thank you, appreciate your support!
Exactly, like I was saying yesterday, all this FUD by big money will help keep the price down until all the big bankers and cronies can get in
hopefully, not all of them...
It seems logical that they would be interested of grabbing cheap bitcoins.
But not everyone is new to the trade and while they would be interested in buying low they would not be interested in a crisis. They gain no benefit!
I don't have likes as many as you deserve for Steem Supply & other articles -> Voted you as witness
Thank you, appreciate your support! :)
Cand e bun, e bun, dai cu placere!
Great news.Thanks for sharing it
Good post.Thanks for sharing with us.
Upvoted and resteemed done
I think you are absolutely right. This is a dip created artificially to be bought.
A great news of the day though for me, Thumbs up for you mate.. And this Steem.supply is a great tool to use. I liked it.
Ever since apt of famous people have started joining , it’s becoming like nothing to us