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[ahsan510]

The chief executive officer of global investment bank morgan Stanley says that cryptocurrency including bitcoin is not a fad, noting that they are not going to go away, we are watchful of it we are respectful and we will wait and see how the regulators handled it.
The global investment bank launched a dedicated cryptocurrency research team in September led by sheena shah, the firm's crypto analyst.

 

[Wisdom01]

Yeah cryptocurrency would always exist ,so many countries have banned the use of it ,but despite that it's still thriving more and existing and progressing in different areas

 

[Ptrikha90]

In that case, I think that you would like reading this :
https://bitcoinmagazine.com/business/ecb-president-christine-lagarde-says-bitcoin-is-not-currency
Now, I too believe that Bitcoin and Crypto is a fluke and well its path would not be smooth but something that one does needs to have as an investment.

 

[Chibson]

It is of course a good news to the cryptocurrency world. the main reason some people are still doubting bitcoin and cryptocurrencies is that they don't really understand it well and need to be taught how it works.

 

[Chibson]

Yeah cryptocurrency would always exist ,so many countries have banned the use of it ,but despite that it's still thriving more and existing and progressing in different areas

Definitely a lot of countries are fighting very hard in order to stop the usage of cryptocurrencies by their citizens. A typical example is China. Let's see how this whole thing plays out.

 

[SCAMEXPOSER]

Power tussle is the biggest challenge the financial institutions have been against Bitcoin because no doubt if the central banks across the countries and not careful or proactive they will definitely lose power of controlling the financial sector.

 

[Ptrikha90]

Power tussle is the biggest challenge the financial institutions have been against Bitcoin because no doubt if the central banks across the countries and not careful or proactive they will definitely lose power of controlling the financial sector.

Yes, more than the plus or minus of Crypto, it is the overall control which is making Central Banks perceive of Crypto as a threat.

 

[SCAMEXPOSER]

Yes, more than the plus or minus of Crypto, it is the overall control which is making Central Banks perceive of Crypto as a threat.

Yeah , it is also very important that the central banks across the world should think of options than been stiff to adopting cryptocurrencies because the trend is moving fast.

 

[Ptrikha90]

Yeah , it is also very important that the central banks across the world should think of options than been stiff to adopting cryptocurrencies because the trend is moving fast.

The banks might resist and resort to tough measures similar to a full ban, but in the longer run, they would realize that co-existence is better than total opposition and finding ways for the co-existence of Fiat and Crypto currencies is the best solution going forward.

 

[btaliat]

The earlier countries and people realize this, the better. Bitcoin has successfully spent 13 years and still relevant despite the ban and regulations from some countries. This is an evidence that it is not a fad.

 

[a_jerobon]

That is a very good conclusion he came up with there. Indeed bitcoin and other crypocurrencies are not a fad. I am pretty sure too that they are not going anywhere.

 

[Skysaint]

And I think he is right about that. The idea of cryptocurrency investment and trade have come to stay and I still see it's existence lasting for a very long time so the sooner most financial institutions and even the governments understand this the better

 

[Mariappa45]

With what's on ground, their is no way cryptocurrency gonna move off overnight, if that's the case it could've faded off long ago. BTC will remain with us for long just as any other coin. I believe in the words of Morgan Stanley and any other who is in core support of BTC and any other cryptocurrency.

 

[Duduyemi]

The chief executive officer of global investment bank morgan Stanley says that cryptocurrency including bitcoin is not a fad, noting that they are not going to go away, we are watchful of it we are respectful and we will wait and see how the regulators handled it.
The global investment bank launched a dedicated cryptocurrency research team in September led by sheena shah, the firm's crypto analyst.

Morgan Stanley now knows that crypto is no longer a fad, despite all possible ways of convincing us that crypto will crumble. I think they are beginning to realise that it will be a wasted speach if they continue to bash how crypto is not going to be useful in the coming generation. Now they are taking step they would have taken if they add accepted the establishment of crypto.