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- 🚀 Gate.io #Launchpad# Initial Offering: #PFVS#
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Morgan Stanley has released a statement on Bitcoin (BTC)! "It's Now Very Big!"
U.S. President Donald Trump is extremely determined regarding the national Bitcoin reserve. At this point, while signing an executive order to implement the BTC reserve in March, disagreements about the reserve continue.
While some names in the sector oppose the BTC reserve idea, others support it. The latest statement on this matter came from Morgan Stanley.
The American financial giant Morgan Stanley stated that Bitcoin now has sufficient market value to be considered a national reserve asset by the US government.
At this point, Morgan Stanley argued in a recent report that Bitcoin's market value of $1.87 trillion has made it significant enough to be considered a U.S. reserve asset.
Although the major bank accepted BTC as a reserve asset, it stated that its volatility is still a risk.
The bank suggests that holding 12-17% of Bitcoin's total supply in the U.S. would be consistent with traditional reserve standards.
The idea of Bitcoin reserves generally finds support, while American billionaire investor Kevin O’Leary claimed that the reserve idea will never materialize.
O'Leary criticized Michael Saylor, a Bitcoin bull and one of the biggest advocates of the Bitcoin reserve proposal, by claiming that his company's Bitcoin accumulation strategy is motivated by personal interests. O'Leary alleged that Saylor's company raised capital through stock and debt sales to finance its Bitcoin purchases and is lacking sustainability in the long term.
In contrast, famous figures like Anthony Scaramucci argue that the Bitcoin reserve measure will position the U.S. at the forefront of digital asset integration and will help address the national debt.