James Gorman doesn’t think that crypto will disappear
in New York, Morgan Stanley CEO James Gorman said that he didn’t view cryptocurrencies as a fad. He is convinced that cryptocurrencies are here to stay. Gorman added that he generally doesn’t like investing in things that have such a wide range of outcomes.with CNBC’s “Mad Money,” Gorman said that crypto was a speculative asset “by definition.” He mentioned that he didn’t view it as a new form of store of value.
Morgan Stanley has invested millions of dollars into the shares of Grayscale Bitcoin Trust. In fact, as of the end of 2021, it owned more GBTC shares than Ark Invest.
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