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Morgan Stanley Reportedly Set To Launch ‘Direct Ownership’ of Bitcoin For Clients

Morgan  Stanley, the American banking giant is reportedly working towards rolling out “Direct Ownership” of Bitcoin for its wealthy clients within their wealth management platform. The set feature is expected to debut in 2-3 weeks’ time. The said report also mentioned the bank is organizing weekly calls to educate its wealth advisors on Bitcoin. A couple of weeks ago, Morgan Stanley had announced Bitcoin Funds for its wealthy investors to help them gain exposure to one of the best-performing assets.

Huge Inside Scoop from Morgan Stanley:
-Currently doing weekly calls to educate all wealth advisors on Bitcoin
– Rolling out the ability to hold actual Bitcoins as a cash balance within their wealth management platform
-Estimated launch 2-3 weeks
— Dzambhala HODL (@DzambhalaHODL) March 30, 2021

The current inside scoop about Morgan Stanley only adds to the aggressive Bitcoin adoption approach by traditional financial giants. Yesterday, PayPal announced that it would allow US  customers to pay in cryptocurrency while a day before yesterday VISA announced they would allow crypto settlements on their network using USDC and Ethereum network.
Bitcoin has grown from a speculative volatile asset in the eyes of traditional bankers and wealth managers to become the growing choice of the store of value among the very same people. The adoption rate is so high that it seems by the end of this year we won’t only have an SEC-approved Bitcoin ETF, but the majority of financial service providers would add Bitcoin to their product line.
Bitcoin Has Grown From Speculative Asset …
Story continues on CoinGape

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