Morgan Stanley, one of the largest investment banks in the United States, has released a report on Bitcoin entitled “Bitcoin Decrypted: A Brief Teach-In and Implications for the Investor.” The report is authored by Sheena Shah, head of technology research for the bank.
In the report, Shah acknowledges that Bitcoin has come a long way since its inception in 2009, and that its underlying blockchain technology has the potential to revolutionize how we store and transfer value. However, she also warns that Bitcoin is still a very volatile asset, and that investors should be cautious when considering investing in it.
Shah goes on to say that Morgan Stanley does not currently recommend investing in Bitcoin, but that could change if it becomes more regulated and less volatile. For now, she advises clients to “keep an eye on it” and “do their own homework” before making any decisions.
So what does Morgan Stanley say about Bitcoin? While they acknowledge its potential, they are still cautious about recommending it as an investment at this time.