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(CNBC)   Morgan Stanley is the first big U.S. bank to offer clients access to bitcoin funds - just as long as they have plenty to lose   (cnbc.com) divider line
    More: Followup, Finance, Investment, Bank of America, investment bank, Morgan Stanley, Goldman Sachs, Asset, Investment banks  
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153 clicks; posted to Business » on 17 Mar 2021 at 1:57 PM (7 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



10 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2021-03-17 1:18:58 PM  
Or you could just go buy Bitcoin?
 
2021-03-17 2:03:51 PM  

downstairs: Or you could just go buy Bitcoin?


They did, but Morgan Stanley isn't getting their cut, soo
 
2021-03-17 2:09:14 PM  
th.bing.comView Full Size


RIP
 
2021-03-17 2:18:43 PM  
This can only end well
 
2021-03-17 2:21:04 PM  
Check the fine print. Are they actually selling you Bitcoins, or are they running a cash-only fund which "tracks the price of Bitcoin" or something?
 
2021-03-17 4:20:34 PM  

Billy Liar: [th.bing.com image 187x277]

RIP


i.pinimg.comView Full Size
 
2021-03-17 4:37:41 PM  

downstairs: Or you could just go buy Bitcoin?


that is correct.  keep your private keys and the bitcoin is yours.

like any good Banksters, they're accustomed to being in on the action.  the middle guys.
 
2021-03-17 5:07:33 PM  
I feel sorry for anyone involved in a fund or company that has a lot of exposure to Bitcoin, and some others things. It will crash at some point. Bitcoin is essentially worthless, at most around what ETH trades at. Tesla is *maybe* worth around $200, and they've been the darling growth go-tos for a lot of people. A few people at work are big in cryptos and Tesla and insist if you just hold it long enough it will always go up. Those people are all in their mid 20s and I take their advice on investing like I take their advice on marriage.
 
2021-03-17 6:25:32 PM  

Mail Order American Husband: I feel sorry for anyone involved in a fund or company that has a lot of exposure to Bitcoin, and some others things. It will crash at some point. Bitcoin is essentially worthless, at most around what ETH trades at. Tesla is *maybe* worth around $200, and they've been the darling growth go-tos for a lot of people. A few people at work are big in cryptos and Tesla and insist if you just hold it long enough it will always go up. Those people are all in their mid 20s and I take their advice on investing like I take their advice on marriage.


The only thing that makes this different than normal is that Bitcoin and to a lesser extent Tesla are more cults than they are "currencies" or companies. If the cultists keeps on believing who knows what the hell is going to happen?
 
2021-03-17 8:02:20 PM  
Take a big position and then pump up the stock to a whole bunch of people to support your position.

Morgan Stanley did this with Tesla stock. At one time it had a large stock position and then underwrote bonds for Tesla, and then pumped the stock some more. Oh but everyone made money, right? Well, the story aint over yet.

Look at it this way. Take a high risk  and high return position, then get so many other investors into whatever investment it is, and you eliminate your risk and realize your high return. It is not fraud or corruption or moral hazard, it is just American business 2020! We make money the old fashioned way.... WE STEAL IT!
 
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