{"id":177701,"date":"2021-02-13T20:21:01","date_gmt":"2021-02-13T17:21:01","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-price-rebounds-as-morgan-stanley-reportedly-considering-buying-btc\/"},"modified":"2021-02-13T20:21:01","modified_gmt":"2021-02-13T17:21:01","slug":"bitcoin-price-rebounds-as-morgan-stanley-reportedly-considering-buying-btc","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-price-rebounds-as-morgan-stanley-reportedly-considering-buying-btc\/","title":{"rendered":"# Bitcoin price rebounds as Morgan Stanley reportedly considering buying BTC"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a413e28dda10\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a413e28dda10\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-price-rebounds-as-morgan-stanley-reportedly-considering-buying-btc\/#Bitcoin_begins_recovery_after_the_news\" >Bitcoin begins recovery after the news<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-price-rebounds-as-morgan-stanley-reportedly-considering-buying-btc\/#The_public_perception_of_Bitcoin_is_improving\" >The public perception of Bitcoin is improving<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Bitcoin price rebounds as Morgan Stanley reportedly considering buying BTC <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>Morgan Stanley, one of the biggest investment banks in the U.S., is reportedly considering investing in Bitcoin (BTC), according to reports.<\/p>\n<p>Bloomberg reported that Morgan Stanley\u2019s $150 billion investing arm called Counterpoint Global could place Bitcoin to \u201cits list of possible bets.\u201d<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-02\/6a37719b-61ad-465e-9c8e-71db66c0b1a6.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>BTC\/USDT 1-hour price chart (Binance). Source: TradingView.com<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoin_begins_recovery_after_the_news\"><\/span>Bitcoin begins recovery after the news<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Hours before the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> was released, the price of Bitcoin dropped by nearly 4% from $48,000 to as low as $46,252 on Binance. <\/p>\n<p>The price of Bitcoin began to recover when the news broke, rising from around $46,300 to above $47,300, by nearly 3%.<\/p>\n<p>Morgan Stanley\u2019s Counterpoint Global considering Bitcoin as an investment is noteworthy because of two main reasons.<\/p>\n<p>First, Morgan Stanley is a top financial institution in the U.S., and its influence in the banking sector is immense. Second, it comes after the bank boosted its holdings in MicroStrategy, which has accumulated over a billion dollars in Bitcoin to date.<\/p>\n<p>Bloomberg reported that Counterpoint Global is \u201cis exploring whether the cryptocurrency would be a suitable option for its investors, according to people with knowledge of the matter.\u201d <\/p>\n<p>The firm would still need <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roval from relevant parties and regulators. As such, even if the bank\u2019s investment arm decides to invest in Bitcoin, it could still take a while for it to materialize.<\/p>\n<p>The news comes just a month after Morgan Stanley increased its stake in MicroStrategy to nearly 650,000 shares, equivalent to over 10% of the firm.<\/p>\n<p>MicroStrategy, a publicly-listed business intelligence firm in the U.S., has moved the cryptocurrency market by storm after its aggressive accumulation of BTC as its treasury asset. Its stock price has also seen incredible growth over the past few months, which has even outperformed BTC.\u00a0<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-02\/a4b2ce41-46d6-4ca9-9186-90114e19ce64.jpeg\"><figcaption style=\"text-align: center;\"><em>MSTR vs. Bitcoin vs. NASDAQ performance. Source: <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a>\/@Ecoinometrics<\/em><\/figcaption><\/figure>\n<p>Since late 2020, MicroStrategy, led by its CEO Michael Saylor, have been continuously investing in Bitcoin and leading seminars to assist other corporations to follow suit.<\/p>\n<p>On Feb. 4, for example, MicroStrategy conducted a seminar with 1,400 companies to discuss the \u201cBitcoin Corporate Strategy\u201d and ways to gain exposure to BTC as a corporation.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_public_perception_of_Bitcoin_is_improving\"><\/span>The public perception of Bitcoin is improving<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The combination of large institutional capital inflows into the Bitcoin market and the vocal support for cryptocurrencies from financial institutions is improving the public\u2019s perception of Bitcoin.<\/p>\n<p>As a result, banks and public corporations are facing pressure to either explain why they aren&#8217;t investing in BTC or get on board.<\/p>\n<p>Speaking to CNBC, JPMorgan co-president and COO Daniel Pinto said that the bank could support Bitcoin trading if it sees sufficient demand. He <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2021\/02\/12\/bitcoin-banks-closer-accepting-cryptocurrency-asset-class.html\">said<\/a>:<\/p>\n<blockquote><p>&#8220;If over time an asset class develops that is going to be used by different asset managers and investors, we will have to be involved. The demand isn&#8217;t there yet, but I&#8217;m sure it will be at some point.&#8221;<\/p><\/blockquote>\n<p><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">General<\/a>ly, more financial institutions have begun to support Bitcoin and the cryptocurrency sector, which benefits the overall infrastructure of the market. <\/p>\n<p>As Cointelegraph reported, BNY Mellon is also planning to custody Bitcoin in the foreseeable future.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-price-rebounds-as-morgan-stanley-reportedly-considering-buying-btc\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin price rebounds as Morgan Stanley reportedly considering buying BTC &#8221; Morgan Stanley, one of the biggest investment banks in the U.S., is reportedly considering investing in Bitcoin (BTC), according to reports. Bloomberg reported that Morgan Stanley\u2019s $150 billion investing arm called Counterpoint Global could place Bitcoin to \u201cits list of possible bets.\u201d BTC\/USDT&#8230;<\/p>\n","protected":false},"author":1,"featured_media":177702,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvY2JkNmVkYTgtNWM2OC00YjYyLTliZTAtOTNlYzhhYmQ5ZDQ4LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,75802,73711,73785,73986],"class_list":["post-177701","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-jpmorgan","tag-investments","tag-markets","tag-morgan-stanley"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/177701","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=177701"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/177701\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/177702"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=177701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=177701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=177701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}