Morgan Stanley’s CEO Gorman: Bitcoin Won’t Vanish, but Does Not Belong to Core Investments

Morgan Stanley's CEO Gorman: Bitcoin Won't Vanish, but Does Not Belong to Core Investments

Morgan Stanley's CEO Gorman: Bitcoin Won't Vanish, but Does Not Belong to Core Investments

James Gorman, the CEO of investment banking giant Morgan Stanley, recently expressed skepticism about the role of Bitcoin in investment portfolios and emphasized its speculative nature in an interview with Bloomberg.

Gorman emphasized the inherent risks of Bitcoin, including volatility and regulatory uncertainty, and expressed a cautious stance on investing in cryptocurrencies. He stated, “While Gorman believes that ‘Bitcoin won’t disappear, it’s not a passing fad’, he does not consider Bitcoin to be a core investment.”