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