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Morgan Stanley’s wealth advisors are increasingly endorsing Bitcoin ETFs as an investment option. These advisors believe that Bitcoin ETFs offer a regulated and accessible way for clients to invest in Bitcoin without directly holding the cryptocurrency. This move reflects growing confidence in Bitcoin’s potential as a legitimate asset class.
By recommending Bitcoin ETFs, Morgan Stanley is going to enable investors to gain exposure to the cryptocurrency market through a more traditional and secure investment vehicle. This trend indicates a broader acceptance of Bitcoin in mainstream finance.
According to CNBC, Morgan Stanley told its financial advisors on Friday that it will soon allow them to offer Bitcoin ETFs to qualified clients, which will be the first among Wall Street banks. The company's approximately 15,000 financial advisors can sell two spot Bitcoin ETFs -…
— Wu Blockchain (@WuBlockchain) August 2, 2024With this Morgan Stanley’s 15,000 financial advisors are now able to offer clients two spot Bitcoin ETFs: BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund.
It is worth noting that crypto enthusiasts are highly confident in Bitcoin investments. On one side, Bitcoin is gaining support at a very high political level, and on the other side, it is receiving backing from financial institutions.
A popular Bitcoin-related X (formerly Twitter) account reported that the U.S. money supply has reached an all-time high. The last time this happened, Bitcoin’s price surged dramatically within a few months. Bitcoin advocates believe that this current increase in the money supply could similarly lead to another significant rise in Bitcoin’s value, suggesting a potential bullish trend for Bitcoin.
Bitcoin price action
The current trade price of Bitcoin is $61,747 & this price is 6% down over the last 24 hours.
World-famous financial expert Robert Kiyosaki suggested that people take advantage of the latest correction in the volatile money market. He believes this situation presents an opportunity to buy better financial assets at a significant discount.
As many have warned….the stock market crash has arrived. Losses are substantial.
Rich dad taught his son and me when markets are crashing is the time the rich get richer….buying assets at bargain basement orices.
Markets are crashing. Great news. Asset markets are having…
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