According to an interview on Bloomberg Morgan Stanley "has been clearing Bitcoin futures contracts for big institutional clients".
Chief Financial Office of Morgan Stanley added that "[Morgan Stanley] convenes a regular meeting of executives to consider how else to engage with cryptocurrencies".
To put a little more context around this story, just a few days ago, the first Bitcoin futures contracts launched by CBoE matured, marking a significant milestone of the cryptocurrency in mainstream financial trading.
My 2 cents: the more we're going to see actors from Wall Street joining the game, the more FUD will be spread. Just think for a while: why all the news scandal with "regulation" and "clamping down on crypto", if Wall Street keeps launching products and strategies for their clients? Who benefits from that?
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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Hopefully it won’t be long before some more big Institutions get involved with the crypto currency market, cheers mike
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people will react less and less to all the FUD-ing. Since september there hasn't been a pull back that lasted more than a few days.
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Thank you, appreciate your support!
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Exactly, like I was saying yesterday, all this FUD by big money will help keep the price down until all the big bankers and cronies can get in
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hopefully, not all of them...
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It seems logical that they would be interested of grabbing cheap bitcoins.
But not everyone is new to the trade and while they would be interested in buying low they would not be interested in a crisis. They gain no benefit!
I don't have likes as many as you deserve for Steem Supply & other articles -> Voted you as witness
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Thank you, appreciate your support! :)
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Cand e bun, e bun, dai cu placere!
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Great news.Thanks for sharing it
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Good post.Thanks for sharing with us.
Upvoted and resteemed done
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I think you are absolutely right. This is a dip created artificially to be bought.
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A great news of the day though for me, Thumbs up for you mate.. And this Steem.supply is a great tool to use. I liked it.
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Ever since apt of famous people have started joining , it’s becoming like nothing to us
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We knew this day would come where bankers get involved in crypto currencies. Where there is money there will always be bankers. The financial markets are at all time highs so a ton of over zealous investors in stocks will likely pour into crypto leading to further gains. It will be interesting to watch how this all plays out as more banks get involved. Thanks.
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The more I see all the strings that are required when large money enters the field the more I wish Crypto would just keep a slow organic growth without them. Time will tell if this is good or bad for the crypto space.
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I'm in, and enjoying the ride; it's a wild one! Thanks for your perspective.
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No one can stop cryptocurrencies, thanks @dragosroua for sharing !!
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