Morgan Stanley provided clients with Bitcoin investment rights – BTC immediately exploded

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2021-03-22 09:51:58

Amid a slight drop in Bitcoin in the past few days due to investor caution ahead of the Fed meeting. Right on March 18, Moragn Stanley announced to provide another legitimate source of capital for customers investing Bitcoin. Bitcoin price immediately bounced back.

The powerful banking organization Morgan Stanley officially agreed to Bitcoin. Morgan Stanley will provide clients with access to Bitcoin (BTC) investments, albeit only under specific conditions.

The wealth management giant with $ 4 trillion in assets says it is launching access to three funds that allow ownership of Bitcoin, for those with first-hand knowledge of the matter. this. The opportunity is expected to open in April this year.

Participants in Morgan Stanley’s asset management division may have access to Bitcoin through the Galaxy Digital’s Bitcoin Fund LP and Institutions Bitcoin Fund LP, as well as FS Investments’ FS NYDIG’s choice fund, despite its allocation. is limited to 2.5% of total assets per customer.

After rumors surfaced that the big men were about to “activate” Bitcoin – “Justice Alliance” will be established. Morgan Stanley is probably the first name “teased” for this event. Not only that, on March 10, the blockbuster blockbuster of JPMorgan Chase linked a series of “big men” also aroused a “whirlwind” of Bitcoin that would sweep the market from institutional investment tycoons.

Michael Saylor, CEO of MicroStraty, has identified Morgan Stanley as the first bank to offer Bitcoin, but certainly not the last. This reinforces confidence in the more traditional financial boom for Bitcoin.

However, the client must also be an accredited investor, hold capital at Morgan Stanley worth $ 2 million or more and maintain a certain account history. That minimum level increases to 5 million USD for the customer group is the investment company. Each fund also comes with minimum investment conditions.

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