The chief executive of Morgan Stanley says that cryptocurrency is not a fad and is not going away. James Gorman, head of the investment bank. Morgan Stanley CEO James Gorman said that cryptocurrency isn't a fad and it's not going away, though he said his bank is not seeing much. Morgan Stanley's Gorman isn't a full-throated bitcoin and crypto rally cry, but he is suggesting that there may be something more than fleeting. KALEIDO CRYPTO
Gorman spoke on an earnings call after the bank reported its best-ever third quarter on the back of a sharp rise in deal-making. Riding that high, he spoke in favor of a new corner of the markets — where his bank has established a foothold. Dimon had joined a chorus of business and political leaders slamming the digital currency.
JPMorgan allows clients access to six cryptocurrency products. Other established institutions including Goldman Sachs and Citigroup have looked to expand their footprint in the space. Goldman allows certain clients to trade crypto through a derivative product and Citigroup is looking to begin trading cryptocurrency through a fund.
Morgan Stanley said robust dealmaking and wealth management revenues pushed quarterly profits 36 percent higher from a year earlier. Bitcoin is up Other cryptocurrencies were also up on Thursday.
DENARIUS COIN CRYPTO
Plus a look at what's in store for bitcoin markets next week. Welcome back to Daily Defi, following the Bitcoin breakout we see a bit of a cool off in the market today as most assets move sideways. Long DeFi, short the bankers. What topics would you like to see covered in future daily defi episodes? Morgan Stanley ha comprato azioni del Grayscale Bitcoin Trust, ovvero un fondo che consente di investire in bitcoin senza dover acquistare direttamente i token.
Si tratta di un investimento di circa un milione di dollari, risalente ad aprile, ma non si sa per quale scopo ia stato effettuato ovvero se come investimento a lungo termine o mera speculazione. Become A Patreon! Anlauf, dann auch nachhaltiger geklappt. Ma non tutti, all'interno della banca, sono d'accordo. E' davvero transitoria ora? Share it with your friends! Thanks for the feedback! Sorry, only registred users can create playlists. And regulators are going to regulate the hell out of it," Dimon said.
I don't think it's going to go away," Gorman said on the bank's third-quarter earnings call with analysts Thursday morning. But these things aren't going away, and the blockchain technology supporting it is obviously very real and powerful. Like other executives in his line of business, Gorman believes in the fallacious argument "blockchain, not Bitcoin. Contrary to common assumptions , blockchain technology is not the ground-breaking innovation that Satoshi Nakamoto brought to the world.
Without bitcoin, the currency, blockchain is rendered useless. As Parker Lewis articulates, the innovation is Bitcoin, not blockchain. Because all other blockchains are competing for the same fundamental use case of money and because bitcoin's network effects only continue to increase its security and liquidity advantage over the field, no other digital currency can compete with bitcoin.
Liquidity begets liquidity and monetary systems tend to one medium as a derivative function. Bitcoin's security and liquidity obsoleted any other cryptocurrencies before they left the proverbial gates. Press Releases. Bitcoin is not a fad and is not going away, said Morgan Stanley chief executive officer James Gorman.
By Oluwapelumi Adejumo Mar 17, By Colin Harper Sep 13,
Morgan stanley ceo bitcoin bitcoin flowersMorgan Stanley CEO Says Crypto Isn’t a Fad, Though Not Seeing Much Client Demand
Think, 0.01099331 btc to naira apologise
Следующая статья why buy bitcoin now