27 Sep '17, 10pm

Morgan Stanley CEO: Bitcoin Is 'More Than Just A Fad'

The head of one of Wall Street's biggest banks believes bitcoin is "more than just a fad." James Gorman, CEO of Morgan Stanley, made the comments during an event hosted by the Wall Street Journal today. According to Bloomberg , Gorman said that the privacy features of cryptocurrency are compelling. He said: "The concept of anonymous currency is a very interesting concept – interesting for the privacy protections it gives people, interesting because what it says to the central banking system about controlling that." That said, Gorman isn't personally invested, though he did say he has encountered a number of people who have bought a stake in the market. "I've talked to a lot of people who have," he said at the event. "It's obviously highly speculative but it's not something that's inherently bad. It's a natural consequence of the whole blockchain technology." Gorman's moder...

Full article: https://www.coindesk.com/morgan-stanley-ceo-bitcoin-just-...

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bloomberg.com 27 Sep '17, 2pm

Not every Wall Street bank chief is bearish on bitcoin. Morgan Stanley Chief Executive Officer James Gorman takes a more m...

Bitcoin 'More Than a Fad': Morgan Stanley CEO

Bitcoin 'More Than a Fad': Morgan Stanley CEO

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Morgan Stanley CEO Gorman Says Bitcoin Is "More Than Just a Fad"

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