Morgan Stanely, the bank who called Crypto pure gambling 1 year ago, is about to get balls deep up in Cypto
Edit: Dear Crypto fellas, please bear with me, the tons of typos in the post title might be related to the very sunny day and the fact I already had 4 beers 🍻🤪
A year ago, Morgan Stanley was very defensive on Crypto and called Crypto investments pure gambling.
Now, one year later, the same U.S. bank is turning tables and setting themselves into pole position when it comes to Crypto investment brokerage with affluent clients! They are about to get balls deep up in Crypto!
In a nutshell – How to get balls deep up in Crypto in less than 10 weeks:
On March 19, the bank started acquisition talk with crypto exchange: – Morgan Stanley Reportedly in Talks for Bithumb Acquisition. The acquisition deal could be sealed for up to $441 million.
Just a day earlier, on March 18, they have officially changed their advicing strategy. – The bank is targeting clients who have at least $2m in their account history with help to purchase Bitcoin.
A few weeks earlier, on Feb 13, Bloomberg reported that the bank might start betting on BTC. – Morgan Stanley May Bet on Bitcoin in $150 Billion Investment Arm
April 1st, the megabank is positioning itself to take an active role across the bitcoin markets. – Morgan Stanley Approves Bitcoin Exposure for Handful of Mutual Funds
Finally, also on April 1st, they initiated the next big step. – Morgan Stanley has officially filed with the SEC to buy bitcoin
Anybody of you guys got approached by your Morgan Stanley relationship manager lately? 😉
submitted by /u/nicoznico
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