Bitcoin Forum

Bitcoin 'More Than a Fad': Morgan Stanley CEO


While many on Wall Street are rallying behind JPMorgan CEO Jamie Dimon and his vitriol against Bitcoin, there are others who are far less skeptical.

Another major financial institution on Wall Street, that of Morgan Stanley, have had their CEO James Gorman come out and say that Bitcoin is not a fraud, nor even a ‘fad.’

Potential attractions
While Gorman has not come out as a staunch advocate of Bitcoin, he has highlighted the potential attractions and given his opinion that there is a future for the digital currency.

Gorman has said that Bitcoin is at least “more than a fad” and that the privacy and control it offers is appealing.
“I haven’t invested in it. I’ve talked to a lot of people who have. It’s obviously highly speculative but it’s not something that’s inherently bad. It’s a natural consequence of the whole Blockchain technology.”

Gorman even took a swipe at the amount of control and level privacy that banks have over other people’s money stating: “It is interesting because what it says to the central banking system about controlling that [privacy].”

Readmore https://cointelegraph.com/news/bitcoin-more-than-a-fad-morgan-stanley-ceo

After the many statements emanating from now famous (at least in the Bitcoin community) Jamie Dimon which affected somehow the value of Bitcoin, there are now many executives from financial institutions who are speaking their ideas and opinions on Bitcoin and they are somehow favorable to Bitcoin or cryptocurrency.

Would this be the trend especially next year? We might be seeing more and more of these experts coming out with positive statements that can help Bitcoin became more popular and to gradually accepted by the world of finance and fiat money. We are expecting more money managers to be offering Bitcoin to their many clients which can push the demand further into the moon.

Can we then start concluding a brighter future for Bitcoin and cryptocurrency in general?