RE: Traders Are Flooding Morgan Stanley With Calls To Explain Why Bitcoin Is Soaring

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Traders Are Flooding Morgan Stanley With Calls To Explain Why Bitcoin Is Soaring

in bitcoin •  8 years ago 

Looks like the megabanks and large hedge funds are running scared of cryptocurrency to the point that they are throwing random things at the wall in hopes that something will stick. But this does not surprise me since the overall market cap has increased tenfold in the matter of a few months. On top of that, bitcoin has lost its monopoly in the crypto market. In fact, any day now the ETH and BTC market caps will meet. This will make it even harder for them to regulate. Moral of the story: buy ETH/BTC as they have proven to hold their value better than fiat.

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