- September 29, 2021
- |Banking, Bitcoin, Crypto News, Investment
Morgan Stanley swung for the fences when it made its recent Bitcoin purchase announcement. The investment bank offering financial services has made a massive statement about where it stands with Bitcoin.
When a global financial services company founded in 1931 with total assets of $1,118 billion as of 2020 makes a multi-million dollar investment, you might want to look into what they’re doing. It’s always a good idea for investors and entrepreneurs to watch every step the big guys make.
In its recent bank regulatory filings published on September 27, an exciting line read that Morgan Stanley made a Bitcoin purchase worth almost $2.5 million. It’s interesting to note that Morgan Stanley warned customers about the potential risks in buying Bitcoin. That was only earlier this year, and now it appears Morgan Stanley has done a complete turnaround. Of course, another factor might be the China ban that caused Bitcoin to fall for a moment.
Who is Grayscale Bitcoin Trust, and why did Morgan Stanley give them $2,409,131? They are a digital currency investment firm, and to become a player; you have to reach some pretty high standards.
Are you an Accredited Investor? Grayscale’s private placements are only available to Accredited Investors as defined in Rule 501(a) of Regulation D under the Securities Act of 1933, as amended… In addition, an individual must earn more than $200,000 a year…have a net worth of over $1 million…and the typical legal jargon that defines the rest of the criteria to the minute detail.
An investment bank putting their money into an investment firm is about as American as America gets. The things that happen in the big-money world would make a small-time investor’s head explode.
Grayscale doesn’t want anyone’s money. They want big money like the kind that Morgan Stanley has. But if there is one thing to take away from this, big money knows what it’s doing. That’s why they’re big money. Bitcoin is the way of the future, and Morgan Stanley’s most recent move shows their belief in it.
If you’d like to buy Bitcoin with a lot less hassle, Byte Federal is the place to do it.