by Rushali 
These days it is very common to see any big market player enter the bitcoin world, new to this list is Morgan Stanley. Reportedly, the biggest investment banks in the U.S. are planning to invest in bitcoins.
Bloomberg reported that Morgan Stanley’s $150 billion investing arms called Counterpoint Global could place Bitcoin to “its list of possible bets.”
Before the release of this news, the bitcoin’s price was trading lower by around 4% from $48000 to $46252.
After the news broke it again started recovering nearly 3% from $46,300 to above $47,300.
Morgan Stanley is one of the biggest investment banks in the country and its influence in the banking sector is also very power full. And the news broke when banks have boosted their holdings in MicroStrategy which has also invested in BTC.
Just a month ago the company has increased its stake in MicroStrategy to 650,000 shares that are around 10% of the firm.
If the firm decides to invest in bitcoins then also it needs several approvals from regulators and that will take time.
MicroStrategy is a firm that constantly invests in BTC even they held a 2-day seminar with 1,400 companies to discuss the Bitcoin Corporate Strategy.
The big market players investing in bitcoins and many big names are promoting BTC is leading to an improved public perception of the cryptocurrency.
Generally, more financial institutions have begun to support Bitcoin and the cryptocurrency sector, which benefits the overall infrastructure of the market.
By all these things now many other companies or banks are questioned that why they are not entering the market, either they have to justify or come on board.
