The $ 150 billion fund wants to invest in bitcoin
Bloomberg has just announced that the well-known investment fund Morgan Stanley is considering investing in cryptocurrencies. The company's $ 150 billion investment wing would gain access to the most profitable asset of the last decade. Cointerpoint Global (CG), a subsidiary of Morgan Stanley, wants to make the investment. That makes sense, because CG is part of Morgan Stanley, which specializes in riskier investments with greater profit potential. This fund has a profit of 72.7% in the last year. Morgan Stanley is neither the first nor the last The growing interest of investment funds currently surprises only a few. This cryptocurrency was traded for less than $ 7,000 in January 2020, and a year later it was five times more. Currently, the Bitcoin value is already printing at the level of $ 50,000.
New investors buy bitcoins practically every day and use different paths. Most institutional players invest through the Grayscale Trust, which manages a portfolio worth more than $ 35 billion. The whole world was surprised on Monday by the announcement of the carmaker Tesla about the recent purchase of BTC worth $ 1.5 billion. Institutions are buying and the price is rising The number of major players in the cryptocurrency market is growing faster than ever before and bitcoins in circulation are falling sharply. This puts strong pressure on the price and leads to the largest market growth in history. If bitcoin rises to $ 53,700, the capitalization will reach $ 1 trillion. That's $ 1,000,000,000,000.
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