I live in the USA and there is one thing that I have learned over the years about the business world. If
Bloomberg reports about it, pay attention! Morgan Stanley's crypto research team was reported on by
Warren Buffet is one of the wealthiest men in America. People always want to hear his financial advice. He says bitcoin will come to a "bad ending" and that it's worthless. (
Buffet quotes.)
Oh really? Well I don't agree with Mr. Buffett. But who's going to listen to me? However, if the the country's biggest banks have established a cryptocurrencies research team, that means they have completely disregarded Mr. Buffett's financial predictions and they want to get in on a piece of the action. Morgan Stanley's CEO also does not agree with Mr. Buffett.
This is a story that should be followed closely. I want to know the results of the research and what the banks plan to do. Because once the banks decide what they are going to do, government regulators will also make their move.
My opinion.