Goldman Sachs, Citigroup, and now Morgan Stanley are not only preparing to step into the crypto space but has also stated they are doing this as they observe an increase in demand from their clients. Cryptocurrency markets are sure to earn validation to a certain extent after these Wall Street giants come out with tradable instruments and products around Bitcoin.
Alistair Milne, the chief information officer at Altana Digital Currency Fund, notes that it is crucial for the markets to be taped in by regulated financial institutions as this indicated the rapidly growing demand for Bitcoin from institutional investors. He takes a pot shot on the banks via a tweet on his twitter account”
“Goldman, Citibank, ICE. Now Morgan Stanley. All launching Bitcoin products and services because there’s no institutional demand. Institutional money took the hedge fund industry from $300 billion to $6 trillion.”
Goldman, Citibank, $ICE … now Morgan Stanley
… all launching Bitcoin products/services because there’s no institutional demand
/s— Alistair Milne (@alistairmilne) September 13, 2018
