Morgan Stanley Endorses Bitcoin as “Digital Gold,” Tells Advisors to Allocate Up to 4% to Crypto
PositiveCryptocurrency

Morgan Stanley has made a significant move by recommending that its advisors treat Bitcoin as 'digital gold' and allocate up to 4% of suitable portfolios to cryptocurrency. This endorsement is a notable shift in Wall Street's attitude towards digital assets, highlighting the growing acceptance of cryptocurrencies in mainstream finance. By recognizing Bitcoin's potential as a store of value, Morgan Stanley is paving the way for more institutional investments in the crypto space, which could lead to increased market stability and legitimacy.
— Curated by the World Pulse Now AI Editorial System