Thanks for sharing your thoughts, the article from Morgan Stanley sounds interesting but they have been switching their opinions about cryptos from bad to good anytime the markets makes a move.
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Thanks for sharing your thoughts, the article from Morgan Stanley sounds interesting but they have been switching their opinions about cryptos from bad to good anytime the markets makes a move.
Nice to know @masterthematrix. That´s a reason, why also your comments are worth to read!
They have some credibility since they are not permanent fan boys or perma bears. They are willing to consider different options and outcomes
I guess if you are only a trader that makes sense to adopt your opinion about the current trends in the market. But most of the big banks should talk and act long-term but they can't really speak the truth about the markets, because they are always in the struggle to meet investors expectations, hedging in-house positions and falling in love with politics and regulators...haha what a life. But still its always good to know how the big boys are promoting things to the public. The same accounts for the news about George Soros and his investment funds.
Soros made billions SHORTING currencies. He is more than interested in taking a couple of billion of the BTC market, from the excessively exuberant.
He single handedly took down the British pound. Childs play for him to clean up in crypto space.