Morgan Stanley, the financial institution and investment bank, has found out that cryptocurrency in the new institutional asset that will take the startup world by storm in the next years. Also, they have found that bitcoin payments will be mainstream and that bank institution will take part in these payments in the near future. All of these findings were the product of a new investigative report released today by the research division of the bank.
Morgan Stanley And Crypto
Morgan Stanley, one of the most influential banks of America and the whole world, has released a report that highlights the new influx of institutions to the cryptocurrency world. The report outed makes an analysis of the movement of investment and has found a positive shift of institutions getting ready to invest or already investing in cryptocurrencies.
In the same way, it has found that retail investors have put the brake on cryptocurrency investments due to the lows prices of the market. The report also states that bitcoin will change from being a type of digital cash (the original function for which it was created), to be a new institutional asset, stable enough that many will flock to it.
Also, researchers see potential in the manner that bitcoin and other cryptocurrencies work to make payments and secure transaction without a third party, and they see these kinds of payments being leveraged by financial institutions.
Institutional Money Coming
There are plenty of good reasons to think that the next year will be the year of institutional cryptocurrency investments. The launch of two very big institutional behemoths that will offer cryptocurrency services and the rise of regulated and approved stablecoins has made cryptocurrency a viable choice of investments for most business.
Bakkt, by one hand, will offer a cryptocurrency ecosystem for individuals and also for companies that wish to invest in cryptocurrencies and want to trade futures for dollars. This is nothing new, but the strength and support of BAKKT by Microsoft and ICE makes this an interesting proposal fons institutions.
Also, Fidelity, an asset management business with more than 6 billion assets, has announced that they will be offering custody services and trading facilitation for institutional grade investors that want to keep their cryptocurrencies secure with a Wall Street company.
Tether Investment Trending
The Morgan Stanley research also found that cryptocurrency trade orbited almost 50% around the figure of Tether, the biggest stablecoin on the market, due to investors wanting to keep earnings when the price falls. This is also expected to rise in the future, with new regulated stablecoins being more and more common in the market.