Wall Street Pivots: Morgan Stanley Officially Recommends Exposure To Crypto, Especially Bitcoin
PositiveCryptocurrency
Morgan Stanley, one of the oldest investment firms, has made a significant shift by recommending that clients invest 2-4% of their portfolios in cryptocurrencies, particularly Bitcoin. This endorsement highlights Bitcoin's value as a 'scarce asset' similar to digital gold, marking a notable change in Wall Street's approach to digital assets. This recommendation could influence other financial institutions and investors to reconsider their stance on crypto, potentially leading to increased adoption and market growth.
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