Many financial institutions and companies almost continuously join the crypto market by explicitly declaring an investment in a digital currency or allocating a product that presents digital currencies in front of institutional funds.

Morgan Stanley may become the latest institution to bet on Bitcoin.

Several reports and headlines emerged yesterday that the company is eyeing cryptocurrency through one of its investment arms.

According to report Speaking from Bloomberg, a Morgan Stanley investment unit called Counterpoint Global is exploring whether or not Bitcoin would be a suitable option for its existing investors.

According to the report, which was prepared according to information quoted from sources familiar with the matter as stated by the source, moving forward with an investment of this type would require approval from the regulators and the company itself.

Read:Bitcoin trading volume on Binance breaks all-time high

It is also worth noting that the review may also lead to a decision by Morgan Stanley to move away from cryptocurrency.

At the time of writing this article, there is no detailed information on this issue, and things are still classified and many details are not known yet.

For your information, “Morgan Stanley” already has shares in the company “Micro-Strategy”, which means that it is exposed to Bitcoin indirectly.

As we noted earlier on the Arab Bitcoin website, Tesla is the latest company to announce the purchase of Bitcoin:

Tesla invests 15% of its net cash in Bitcoin… Details here

Institutional interest in cryptocurrencies appears to be on the rise in 2021.

The CEO of Grayscale previously stated:

It is no longer a question of “why”

Rather, it became about “why not” for institutions when mentioning the advantages of Bitcoin.

Read:Binance gets regulatory approval to operate in Kazakhstan…Details here

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The first Bitcoin ETF is officially approved in North America

Uber is considering using digital currencies as a method of payment, not for investment