According to reports from foreign media, Morgan Stanley, a Wall Street investment bank with an asset management scale exceeding $1 trillion, is considering opening cryptocurrency trading services through its online stock trading platform E-Trade. (Background: Morgan Stanley will open 'investment advisory' recommendations for Bitcoin spot ETFs, is $10 billion funding coming?) (Additional background: In the first quarter, Morgan Stanley invested $270 million in Bitcoin spot ETFs, becoming the second largest holder of Grayscale's GBTC.) According to foreign media (The Information), Morgan Stanley's E-Trade platform is considering opening cryptocurrency trading services. Motivated by Trump's victory, we know that last year, in addition to Bitcoin and Ethereum spot ETFs being approved by the U.S. Securities and Exchange Commission (SEC), Trump won the U.S. election again in November, marking another major milestone in the cryptocurrency field. Trump has repeatedly stated that he will support cryptocurrency after taking office, which not only opened a bright regulatory outlook for the U.S. cryptocurrency industry but also stimulated Bitcoin to officially set a historical high of $108,000 within just two months. Therefore, analysts have stated that Morgan Stanley's move is driven by Trump's victory and his favorable stance towards cryptocurrency, and E-Trade is expected to compete with trading platforms such as Coinbase that are listed in the U.S. and share in the market's growth. Morgan Stanley actively embraces Bitcoin. As a traditional financial institution, Morgan Stanley has long expressed its recognition of cryptocurrency. After the listing of the Bitcoin spot ETF in Q1 last year, Morgan Stanley disclosed in its 13F institutional holding report submitted to the SEC that it has invested approximately $270 million in Bitcoin through Grayscale's GBTC, making it the second largest holder of GBTC. Moreover, in August last year, (CNBC) reported that Morgan Stanley would allow its more than 15,000 financial advisors to recommend Bitcoin spot ETFs to their clients, marking the first case among Wall Street banks and conveying a positive signal of mainstream capital accepting Bitcoin. Founded in 1935 and headquartered in New York, Morgan Stanley is a leading global financial services company that provides products and services to corporations, governments, financial institutions, and individual clients through its subsidiaries and branches, with offices in over 41 countries and approximately 60,000 employees. As early as the first quarter of 2023, Morgan Stanley's global asset management scale exceeded $1.4 trillion. Analysts predict: Bitcoin is expected to break $200,000 this year. Bitcoin experienced significant growth last year, and regarding this year's trend, Bitget Research analyst Ryan Lee recently stated that due to the simplification of investment channels for mainstream capital through spot ETF products, it is expected that more institutions will adopt Bitcoin this year, and the price of BTC is likely to soar to $200,000 this year: Bitcoin will continue to grow in the long term, and its price will reach $200,000 by 2025. Additionally, other analysts indicated that if Morgan Stanley really enters the cryptocurrency trading service, it will not only expand investment channels for mainstream capital but may also drive more traditional trading platforms to open cryptocurrency trading, undoubtedly promoting the continued growth of Bitcoin and the entire cryptocurrency market. Related reports: Morgan Stanley is reported to be 'preparing to enter' Bitcoin spot ETF and plans to provide clients with investment windows. RWA agreement Ondo Finance explodes: BlackRock and Morgan Stanley enter the real-world asset market. Morgan Stanley: Bitcoin, stablecoins, and CBDCs have the potential to drive global 'de-dollarization.' "Morgan Stanley is said to open 'cryptocurrency trading,' experts predict Bitcoin will surge to $200,000." This article was first published on BlockTempo (BlockTempo - the most influential blockchain news media).

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