Morgan Stanley strategist explains why Bitcoin is ‘here to stay as a serious asset class’

posted 9 months ago
Ruchir Sharma, Head of Emerging Markets and Global Macro at Morgan Stanley Investment Management, wrote a report in which he explained why “cryptocurrencies are here to stay as a serious asset class.”

Sharma started his report by saying that although the current price of Bitcoin might suggest to some investors that “this is a bubble”, to others, including Morgan Stanley, this is a “sign that Bitcoin is following the natural path of new inventions, in which investor interest comes first from venture capital, then from hedge funds, and finally — about 10 years on — from traditional Wall Street players.”
Tags: opinion, bitcoin