It might seem that lately, the world of high-finance want nothing more than to drop a proverbial load all over Bitcoin but CEO of leading global financial services firm Morgan Stanley, James Gorman, offered words to support the contrary on Wednesday.
Speaking at a conference hosted by The Wall Street Journal, he said he considered Bitcoin to be “certainly more than just a fad.” Whilst claiming yet to have invested himself, he went on to say:
I’ve talked to a lot of people who [invested in Bitcoin]. It’s obviously highly speculative, but it’s not something that’s inherently bad. It’s a natural consequence of the whole blockchain technology. The story broke over at Bloomberg where the news network accompanied it with a positive and informative video about cryptocurrency which seemed refreshingly balanced for a mainstream source.
The overall sentiment from the main-man at Morgan Stanley seemed to refute Jamie Dimon’s divisive words from the last few weeks. The JP Morgan Chase executive was widely reported as saying that Bitcoin was worse than tulip bulbs and won’t end well.”
The Source!
Now, here is a man who is not actually seeking the limelight. Had he followed the same strategy employed by Mr. Jamie Demon, he could also be as popular as the man from JP Morgan Chase. The view expressed by Gorman is a very balanced one...not disparaging something he does not fully grasp and then later on realize that his firm is actually helping clients deal with the digital asset.
