Morgan Stanley and Bitcoin?

Counterpoint Global, a unit of Morgan Stanley Investment Management with a solid track record of selecting high growth companies. may be taking a position in Bitcoin according to Bloomberg. About a one minute read.

Comment: this story exploded in a very short period of time. If Morgan Stanley does go ahead Bitcoin will take giant leap forward to mainstream acceptance. Although it could be argued if Morgan Stanley does acquire Bitcoin, the crypto is most definitely mainstream. n

UPDATE: apparently Morgan Stanley already has an 11% stake in Microstrategy, who we discussed last year.