The U.S bank Morgan Stanley becomes the first bank to offer her clients access to crypto. Though it is available for wealthy clients, with an aggressive risk tolerance who has at least $2 Millon in investments held by the firm. The investment firm needs $5 Million at the bank to qualify for the new stakes.
According to CNBC Morgan Stanley's wealth management is about $4 Trillion in client assets. The financial advisors stated through an internal memo that, it will start access to three funds that enables ownership of crypto assets.
Morgan Stanley seems to be a pathfinder to other top banks, institutions, and investors to join crypto-space. They also stated that they would go all-in to world most popular crypto whale BITCOIN.
With more institutions investing in BITCOIN it makes it very scarce and we'd see our charts go green.
