Morgan Stanley Unit Considers $150 Billion Bitcoin Investment: Bloomberg

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    Morgan Stanley Unit Considers $150 Billion Bitcoin Investment: Bloomberg

    That's 100x what Tesla bought. Imagine the impact on the market.

    https://www.coindesk.com/morgan-stan...ment-bloomberg

    Morgan Stanley already has a nearly 11% stake in the bitcoin-laden business intelligence company MicroStrategy.

    Morgan Stanley’s Counterpoint Global investment unit is considering placing a $150 billion bet on bitcoin, according to a report by Bloomberg, which cited people familiar with the matter.


    Analysts at Morgan Stanley say bitcoin (BTC, +0.11%) has potential to strongly compete with the dollar, but acknowledge in a recent report that the more investors "hold" bitcoin, the weaker its appeal to be used as a currency becomes.

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    pump n dump? you think they are trolling elon and reddit users
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    Quote Originally Posted by heckler7 View Post
    pump n dump? you think they are trolling elon and reddit users

    I hope not bro. Honestly, I don't think they have what it takes to pump and dump BTC. The global masses as well as the global illegal monies are both heavily invested in BTC and at this point BTC seems to be the viable option for crypto payment acceptance to institutions

    any other thoughts

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    So is it worth grabbing?

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    At some point in time, the govt/central bankers have to step in...no? How long before it is taxed, regulated, etc?

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    Cryptocurrency has stood the test of time and more and more skeptical people are beginning to accept cryptocurrency as a tool for investment. This is the technology of the future and it was only a matter of time before it was introduced into our lives. Even now, this is just the beginning.


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    Stocks on the watch list for me for this week are SI, MARA and RIOT. I don’t have the balls to straight up just buy the crypto and hang onto it so those are the next best thing...

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    I bought BTC, ETH, LTC and GRT. Long term holds and will likely do cost averaging as they move around.

    All posts are for entertainment and may contain fiction. Consult a medical doctor before using any medications or supplements. Heavyiron does not advocate any illegal activity.
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    Dumb, dumb, dumb question. I saw a chart, lost it, and can't find it again. How does BTC compare to M1? I remember the chart looking like they took identical climbs and dips.

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    Quote Originally Posted by heavyiron View Post
    I bought BTC, ETH, LTC and GRT. Long term holds and will likely do cost averaging as they move around.
    Nice. RIOT and MARA are pretty much pegged to price of BTC if you look at the charts. SI is a little more insulated to I have the majority of my”Bitcoin Stock” money invested in that one just in case the price were to tank in the short term for some reason.

    The pre-market activity is looking pretty this morning...

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    Quote Originally Posted by Multislacking View Post
    Dumb, dumb, dumb question. I saw a chart, lost it, and can't find it again. How does BTC compare to M1? I remember the chart looking like they took identical climbs and dips.
    I’m actually not sure what M1 is. Is that like a lesser known cryptocurrency or something?

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    Quote Originally Posted by CastorTroy01 View Post
    I’m actually not sure what M1 is. Is that like a lesser known cryptocurrency or something?
    No...I tried finding a way to chart M1 or M2 against btc, and had zero luck. I was looking for an easy way out if someone else had it.

    I'll let you google M1, rather than me try to explain it.

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    Quote Originally Posted by Multislacking View Post
    No...I tried finding a way to chart M1 or M2 against btc, and had zero luck. I was looking for an easy way out if someone else had it.

    I'll let you google M1, rather than me try to explain it.
    Thanks dude, all of those macroeconomic concepts are a little over my head but Cathie Wood with ARK Invest sort of touched on that subject about a week ago.

    She didn’t make any mention of specific dollar amounts or percentages of overall money supply but made the claim that if 1% of the cash reserves held by the S&P 500 were invested in BTC it would raise the price of it by 40k.

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    Found it again! Does this look legit?
    Attached Images Attached Images

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    Quote Originally Posted by Multislacking View Post
    Found it again! Does this look legit?


    M1

    Measure of the U.S. money stock that consists of currency held by the public, travelers checks, demand depositsand other checkable deposits including NOW (negotiable order of withdrawal) and ATS (automatic transfer service)account balances and share draft account balances at credit unions.



    A measure of money supply used by various central banks that includes only currency in circulation and very near money instruments. In the Federal Reserve System, M1 includes all physical currency and deposits in checking accounts as well as Negotiable Orders Withdrawal accounts. It does not include savings accounts, certificates of deposit, or money market accounts. The European Central Bank defines M1 as the aggregation currency incirculation and overnight deposits. While different central banks have slightly different definitions of M1, all includemoney currently in circulation and the money most likely to come into circulation in the shortest possible amount oftime. Therefore, it is the most liquid calculation of the money supply. See also: M0, M2, M3, M4.

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