Morgan Stanley Classes Bitcoin as an Asset


Bitcoin (BTC)

Global investment bank Morgan Stanley has given Bitcoin bulls something to cheers about. The institution has stated that it classes Bitcoin as an institutional investment class. (And the day after Bitcoin’s birthday… how thoughtful)

What this means is that it recognizes Bitcoin as a type of asset similar to shares, property, bonds, cash, or commodities. It also means good news for those hoping for a Bitcoin ETF.

Research Concludes Bitcoin an Asset

The bank’s research division reviewed the last six months of Bitcoin usage.

What the researchers discovered was that permanent ledger …

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