Morgan Stanley's investment arm weighs adding bitcoin to its list of bets: Bloomberg News

Reuters

Published Feb 13, 2021 11:59AM ET

Updated Feb 14, 2021 09:25AM ET

(Reuters) - Morgan Stanley (NYSE:MS)'s investment arm is weighing whether to add digital currency bitcoin to its list of possible bets, Bloomberg News reported https://www.bloomberg.com/news/articles/2021-02-13/morgan-stanley-may-bet-on-bitcoin-in-150-billion-investment-arm?sref=SCAzRb9t on Saturday, citing people with knowledge of the matter.

Counterpoint Global, the $150 billion investing arm of Morgan Stanley Investment Management, is exploring whether the cryptocurrency would be a suitable option for its investors, the report added.