Gate News reports that on March 20, Strategy CEO Phong Le stated on X platform on March 21 that Morgan Stanley’s wealth management assets under management are approximately $8 trillion, with a recommended Bitcoin allocation range of 0-4%. Based on a 2% allocation, this could bring about $160 billion in potential buying demand for the crypto market, three times the size of the existing Grayscale Bitcoin Trust (GBTC). Phong Le described this potential demand as “Monster Bitcoin,” believing that the Bitcoin market could see significant buying pressure, potentially impacting prices and liquidity.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin's Quantum Defense Plan BIP-361 Draws Criticism Over 1.7M BTC Recovery Gap
Bitcoin developers are working on BIP-361 to protect against quantum computing threats by migrating funds to safer formats, potentially freezing 1.7 million BTC. Charles Hoskinson critiques the plan, arguing it may lead to permanent freezing of vulnerable coins. The debate highlights tensions in adapting Bitcoin's protocols.
GateNews19m ago
European Companies Build Bitcoin Treasury Strategy Diverging from MicroStrategy Model
European companies are adopting Bitcoin treasury strategies that align with local regulations, in contrast to the U.S. debt-driven model. Key players like Germany's Bitcoin Group SE and France's Capital B focus on conservative positions, facing unique market constraints.
GateNews59m ago
Underlying asset structure, yield mechanics, and the 21Shares statement
21Shares CEO Duncan Moir said in a statement: “Since our founding, we have been focused on providing a convenient digital-asset investment pathway. With this product, we extend that expertise into equity-linked investment areas tied to the Bitcoin ecosystem.” Moir also said the product “combines high yield potential with a familiar exchange-traded structure,” targeting both institutional and retail investors.
SuperCryptoWahaha666663h ago
NAT Officially Launches on SpiderPool, Enabling BTC Dual-Mining in Same Block
NAT has launched on SpiderPool, enabling dual-mining with Bitcoin without extra setup. It generates 386 million NAT per block every 10 minutes, valued at $38, with a total market cap of $38 million. The code is open-source.
GateNews4h ago
