{"id":1206,"date":"2024-10-16T09:47:06","date_gmt":"2024-10-16T09:47:06","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=1206"},"modified":"2024-10-16T09:47:06","modified_gmt":"2024-10-16T09:47:06","slug":"morgan-stanley-chair-james-gorman-once-said-bitcoins-role-in-wealthy-peoples-financial-fabric-would-be-very-small-the-investment-bank-is-now-on-a-roll-recommending-king-crypto-to-clients","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=1206","title":{"rendered":"Morgan Stanley Chair James Gorman Once Said Bitcoin&#8217;s Role In Wealthy People&#8217;s Financial Fabric Would Be Very Small: The Investment Bank Is Now On A Roll Recommending King Crypto To Clients"},"content":{"rendered":"<div>\n<p>Global investment bank <strong>Morgan Stanley<\/strong> (NYSE:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/MS#NYSE\">MS<\/a>) has actively pitched stocks and investments tied to <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) to its clients this year, despite executive chairman <strong>James Gorman&#8217;s<\/strong> skepticism about the leading cryptocurrency\u2019s potential.<\/p>\n<p><strong>What happened<\/strong>: Earlier this year, Gorman, who stepped down from his CEO role after a 14-year stint, <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/01\/36504424\/former-morgan-stanley-%5B%E2%80%A6%5Ds-gorman-says-bitcoin-is-not-a-fad-i-just-dont-think-its-a-c\">famously discussed his reservations<\/a> about Bitcoin&#8217;s investment appeal.\u00a0<\/p>\n<p>&#8220;It should play for wealthy people a very small role in their financial fabric because it&#8217;s so speculative, it&#8217;s so volatile,&#8221; Gorman had said.\u00a0<\/p>\n<p>&#8220;I just don&#8217;t think it&#8217;s a core investment. I think it&#8217;s a speculative asset of which &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41351925\/morgan-stanley-chair-james-gorman-once-said-bitcoins-role-in-wealthy-peoples-financial-fab\" alt=\"Morgan\" stanley chair james gorman once said bitcoin role in wealthy people financial fabric would be very small: the investment bank is now on a roll recommending king crypto to clients>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Global investment bank Morgan Stanley (NYSE:MS) has actively pitched stocks and investments tied to Bitcoin (CRYPTO: BTC) to its clients this year, despite executive chairman James Gorman&#8217;s skepticism about the leading cryptocurrency\u2019s potential. What happened: Earlier this year, Gorman, who stepped down from his CEO role after a 14-year stint, famously discussed his reservations about [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-1206","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1206","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1206"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1206\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}