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Morgan Stanley aims for more “involvement” in bitcoin
By Davide Grammatica
Ted Pick, ceo of Morgan Stanley, said he plans to work with U.S. regulators for greater involvement in the crypto and Bitcoin markets
Morgan Stanley awaits Trump's assist on Bitcoin
In the setting of the World Economic Forum 2025, Morgan Stanley ceo Ted Pick, following Blackrock’s Larry Fink, also addressed the prospects for Bitcoin and the crypto industry in the new context of the Trump administration.
“For us, the question is whether, as a highly regulated financial institution, we can act as a major player in the crypto market,” Pick said during an interview with CNBC. “We will work with Treasury and other regulators to figure out how we can safely offer Bitcoin.”
Morgan Stanley’s activity in the crypto world, in fact, has been limited to trading BTC derivatives products for institutional clients, with an outright ban on holding the asset. At the same time, however, it has contributed to the adoption of BTC spot ETFs by offering these products since last year.
Bitcoin in the crosshairs of banks
As Goldman Sachs‘ David Solomon also pointed out earlier, in fact, big banks “cannot hold Bitcoin yet,” but if the new environment were to change, then new financial giants would be ready to get their hands on the premier cryptocurrency.
Not surprisingly, even Bank of America ‘s Brian Moynihan said he would be willing to “embrace cryptocurrencies” if regulators would allow it. “If new regulations allow ‘doing business with BTC,’ then the banking system will definitely try to enter the market.”
Trump’s arrival could thus give a further boost to the adoption of Bitcoin, which, in addition to having proven in past years that it can withstand market volatility and various unfavorable circumstances, has now also found crucial political support. The last hurdle seems to be only regulatory in nature, and the signs of a major change on the horizon are many.
