It looks like institutional banking company Morgan Stanley has switched its attitude towards Bitcoin. Based on the latest information derived from “internal news” cited by CNBC, Morgan Stanley will offer customers access to investments in BTC, but under specific conditions.
This decision is believed to be driven by strong growth in interest in Bitcoin, including from companies such as MicroStrategy, Tesla, and Square, which are buying large quantities of coins. The recent news comes a while after information leaked that Morgan Stanley itself is considering investing in Bitcoin.
It is known that customers must have the status of a certified investor, have capital in Morgan Stanley in the amount of $2 million or more, and have a certain history of transactions. For clients of investment firms, this minimum increases to $5 million.
Bitcoin has come a long way since its launch in 2009. Having risen in value from less than $1 to over $60,000, Bitcoin is now recognized as a viable investment. Bitcoin’s total market capitalization of $1 trillion exceeds the value of many well-known companies.
