Morgan Stanley's wealth management division, managing around $8 trillion in assets, could significantly impact the Bitcoin market with a potential 2% allocation to the cryptocurrency. According to Strategy CEO Phong Le, this allocation could generate approximately $160 billion in buying pressure, dwarfing BlackRock's existing Bitcoin ETF, IBIT. Le highlighted the potential for "Monster Bitcoin" demand, suggesting substantial effects on Bitcoin's price and liquidity.
Morgan Stanley's Potential 2% Bitcoin Allocation Could Trigger $160 Billion Buy Orders
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