Counterpoint Global, Morgan Stanley’s $ 150 billion investment arm, is apparently considering adding Bitcoin to its high-growth portfolio.
According to a Bloomberg report, sources familiar with the matter reveal that the investment need is examining whether the leading crypto-asset is best suited for its investors.
Counterpoint Global has managed to achieve more than 100% in five of its 19 funds by 2020. Notable investments in the company’s portfolio include Amazon, Shopify, Slack Technologies, Zoom and Moderna.
If the business continues with a Bitcoin investment, which requires regulatory approval, they will join the growing list of financial institutions and corporations that have conceded and allocated capital to Bitcoin over the past few months.
Counterpoint Global’s potential move into the world’s best cryptocurrency reflects the prediction of some institutional money analysts who will be ready to pile up in BTC. Raoul Pal, macro-guru and co-founder of Real Vision Finance, said in December that a tidal wave of institutions is willing to buy Bitcoin.
“We have not yet addressed the institutions about this. They all get into it. I know it’s because I’m talking to everyone. I just ended up with the largest investment advisory firm in the United States. Their founder teaches as many investment advisors as he can why Bitcoin – they can not invest yet because there is no ETF – but at the moment it comes, these guys have $ 50 billion assets under the US investment advisory community in the US alone and if they put in 10 basis points, it’s immediately $ 5 billion, but chances are it’s going to be a lot more because it’s a very quick asset. ”
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