James Gorman, CEO of Morgan Stanley, agreed.
“You have to be respectful in the face of new technologies like Bitcoin, but you don’t capitulate,” he said. “You adjust and take advantage. Consumers feel better putting their money with a brand they recognize. We have capabilities and resources that are very powerful.”
Joining the dots here, it sounds like Morgan Stanley are positioning to provide old-world branded, 'trusted' bitcoin products and services ... wishful thinking?