Just read Citigroup, Morgan Stanley’s Have Shown Institutional Demand For Bitcoin is Surging

Citigroup, Morgan Stanley’s Have Shown Institutional Demand For Bitcoin is Surging

Over the past week, Citigroup and Morgan Stanley have doubled down on their plans to offer tradable instruments and products around Bitcoin. All launching Bitcoin products and services because there’s no institutional demand. Institutional money took the hedge fund industry from $300 billion to $6 trillion,” Milne said sarcastically, implying that banks are seeing solid demand from institutions. Led by Goldman Sachs, Now All Banks are Coming to CryptoThe wave of banks and regulated financial institutions entering the cryptocurrency sector by offering Bitcoin products was initiated by Goldman Sachs in mid-2018. In June, Goldman Sachs CEO David Solomon publicly said that the bank has been clearing futures around Bitcoin on behalf of its clients.

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Friday, September 14, 2018