Media: Morgan Stanley unit with $150bn assets eyes Bitcoin investments

Counterpoint Global, the Morgan Stanley Investment Management unit, is considering the possibility of investing in Bitcoin. Bloomberg reports.

To begin investing in cryptocurrency, the firm with assets under management of $150 billion must first secure approval from Morgan Stanley and regulators.

“Counterpoint Global, one of our active-management teams, is focused on long-term investments in companies whose market value could rise substantially for fundamental reasons,” according to Morgan Stanley’s website.

Last month the financial conglomerate Morgan Stanley acquired 11% of MicroStrategy’s shares, aggressively investing in digital gold.

Earlier, Morgan Stanley’s chief global strategist Ruchir Sharma said that Bitcoin could deprive the dollar of its reserve-currency status.

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