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

·1 min read
FILE PHOTO: A sign is displayed on the Morgan Stanley building in New York

(Reuters) - Morgan Stanley'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.

Morgan Stanley declined to comment.

(Reporting by Aakriti Bhalla in Bengaluru; Editing by Steve Orlofsky and Alistair Bell)