MicroStrategy's Michael Saylor Hails Epic Bitcoin Adoption Milestone
Michael Saylor of MicroStrategy praises the magnificent milestone of Bitcoin adoption.
U.Today - As a significant milestone for the cryptocurrency market, Morgan Stanley (NYSE: MS) has become the first major bank to approve Bitcoin for soliciting sales to clients.
This major move by one of the world's largest asset management companies is being celebrated by many in the crypto community, including Michael Saylor, the chairman and co-founder of MicroStrategy.
Morgan Stanley's decision to enable soliciting sales of Bitcoin is an extremely important moment in integrating digital assets into mainstream finance, and Saylor emphasized this significant milestone.
In a tweet, Saylor wrote, "Morgan Stanley has become the first major bank to approve Bitcoin for soliciting sales to clients."
Under Saylor's leadership, MicroStrategy has accumulated a vast amount of bitcoin, becoming one of the largest corporate shareholders of cryptocurrency. In July, MicroStrategy further acquired 169BTC for $11.4 million, and currently holds 226,500BTC.
Saylor, a strong supporter of bitcoin, began purchasing it in 2020 as a hedge against inflation and an alternative to cash.
Morgan Stanley Announces Large Bitcoin Holdings
According to CNBC, Morgan Stanley notified many financial advisors on Friday that it will soon allow the offering of a bitcoin ETF for clients to choose from, marking a first for the major Wall Street bank.
This move means that approximately 15,000 financial advisors of the company can now solicit eligible clients to purchase shares of two listed bitcoin funds, BlackRock's (nyse: BLK) IShares Bitcoin Trust, and Fidelity's Wise Origin Bitcoin Fund (nyse: FBTC), starting from August 7th.
The transfer from Morgan Stanley, one of the world's top asset management companies, is the latest sign of mainstream financial adoption of bitcoin. In January, the U.S. Securities and Exchange Commission approved 11 applications for spot bitcoin ETFs, marking a significant milestone for the crypto industry.
U.Today - As a significant milestone for the cryptocurrency market, Morgan Stanley (NYSE: MS) has become the first major bank to approve Bitcoin for soliciting sales to clients.
This major move by one of the world's largest asset management companies is being celebrated by many in the crypto community, including Michael Saylor, the chairman and co-founder of MicroStrategy.
Morgan Stanley's decision to enable soliciting sales of Bitcoin is an extremely important moment in integrating digital assets into mainstream finance, and Saylor emphasized this significant milestone.
In a tweet, Saylor wrote, "Morgan Stanley has become the first major bank to approve Bitcoin for soliciting sales to clients."
Under Saylor's leadership, MicroStrategy has accumulated a vast amount of bitcoin, becoming one of the largest corporate shareholders of cryptocurrency. In July, MicroStrategy further acquired 169BTC for $11.4 million, and currently holds 226,500BTC.
Saylor, a strong supporter of bitcoin, began purchasing it in 2020 as a hedge against inflation and an alternative to cash.
Morgan Stanley Announces Large Bitcoin Holdings
According to CNBC, Morgan Stanley notified many financial advisors on Friday that it will soon allow the offering of a bitcoin ETF for clients to choose from, marking a first for the major Wall Street bank.
This move means that approximately 15,000 financial advisors of the company can now solicit eligible clients to purchase shares of two listed bitcoin funds, BlackRock's (nyse: BLK) IShares Bitcoin Trust, and Fidelity's Wise Origin Bitcoin Fund (nyse: FBTC), starting from August 7th.
The transfer from Morgan Stanley, one of the world's top asset management companies, is the latest sign of mainstream financial adoption of bitcoin. In January, the U.S. Securities and Exchange Commission approved 11 applications for spot bitcoin ETFs, marking a significant milestone for the crypto industry.
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