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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: sense who wrote (169625)3/18/2021 6:35:39 PM
From: TobagoJack  Read Replies (2) | Respond to of 217596
 
Re <<What limit is there at which "it doesn't feel right"... starts to influence choices ?>>

:0)))))))

NFT everything!!!

as long as the Fed does what it is doing, everything feels okay, right or wrong.

In the meantime, bullish news flow, as the imagination folks get down to diligent work

bloomberg.com

Morgan Stanley to Offer Rich Clients Access to Bitcoin Funds
Sridhar Natarajan
17 March 2021, 23:35 GMT+8

Morgan Stanley plans to offer wealthy clients access to three funds that will enable ownership of Bitcoin, according to a person familiar with the matter.

Galaxy Digital runs two of the funds, and the third is overseen by FS Investments and NYDIG, the person said, asking not to be identified because the move hasn’t been announced publicly.

Only wealthy clients with “an aggressive risk tolerance” and at least $2 million held by the New York-based firm will have access to the funds. CNBC reported the decision earlier Wednesday.

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Wall Street banks have stayed mostly on the sidelines as cryptocurrencies surged in popularity. While futures contracts based on Bitcoin and Ether, the second-largest digital currency, are available at major exchanges, none of the six biggest U.S. banks have until now offered their customers access.

Read more about Wall Street’s exploration of cryptocurrencies

Morgan Stanley Chief Executive Officer James Gorman was one of the first Wall Street leaders to lend credence to Bitcoin, saying in 2017 that it was more than just a fad. The firm flirted with the idea of trading a swap-based product tied to the cryptocurrency that could give clients synthetic exposure to the coin, but it ultimately didn’t proceed.

Morgan Stanley’s head of digital-asset markets, Andrew Peel, has said in recent months the bank has fielded more interest in Bitcoin from traditional financial firms.

— With assistance by Matthew Leising

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