Morgan Stanley is the latest Bitcoin flip-flopper

in hive-148441 •  4 years ago 

The list of Flip-Floppers gets getting longer and longer

You know the phrase in politics where they say someone was against it before they were for it?

Or is it vise versa? For it before they were against it?

Either way, bitcoin has a long list of those and it keeps getting longer.

The latest to join that list? Probably Morgan Stanley.

Back in late 2017, shortly after bitcoin had hit an all time high year $20k, Morgan Stanley put out this gem:

image.png

(Source: https://twitter.com/BTC_Archive/status/1360666366932574214/photo/1)

The real value of bitcoin might be $0 according to the article from Morgan Stanley.

Hmmm, sure, the real value of the dollar might also be zero, but that wasn't in there anywhere.

I'm biased I know, but it still funny when the popular news of today is this:

image.png

(Source: https://twitter.com/BTC_Archive/status/1360666366932574214/photo/2)

From the thing being worth $0 to considering investing billions into it?

Now that is one mighty flip-flop!

The headline of $150 billion is misleading though because I believe that is the total size of the investment fund, not the amount they are considering investing.

Either way, they said it could be worth $0, then a couple years later they are likely putting billions in it.

Yep, they are in the running for flip-flopper of the year!

I should keep a list of those guys and give out an award for the biggest flip-flopper by the end of the year.

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These guys always are haters if they aren't in first.

JPM going to win that award probably.

Banks have to adapt or they are going under.

Bitcoin competes with gold and banks, not the dollar.

Bitcoin is definitely worth it. A currency to rule the world and really simply the banking system through the use of decentralization. https://www.gate.io/signup/360810

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https://twitter.com/Swtedfi
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When life gives you lemons make lemonade! 😃 @swt3df1

Yea I am not even sure it's a currency now, but it may some day.

It does take a bit of practice to get the hang of using it but widespread adoption is pretty much here already.

Good point. Though none of my family or friends own it, so perhaps not quite there yet.

It is becoming easier to access as well. Also less shrouded in mystery. I’m excited for what the future hold for the community. Bitcoin along with other tech advances are uniting the world. We really have come a long way.

Yea, lot more ways to buy it now, that's for sure.

They changed their mind ... now they no longer think that BITCOIN can be worth ZERO. "If you can't defeat your enemy, you better be friends with him". They tried to take it down, but they obviously couldn't.

Yep, very good quote and applicable here.

You are so right my friend.

👍🏾