Dispatch #23: Crypto Industry Hits $1.5T as More Recognize Bitcoin > Gold
The Big Idea
Bitcoin and crypto continue to win new converts.
Over the weekend, reports surfaced that Morgan Stanley was considering allocating directly to Bitcoin via its $150B investment unit. The crypto industry also learned that Deutsche Bank had started a digital assets custody business. That was followed this week by Blackrock CIO Rick Reider saying that the firm is “dabbling” in Bitcoin.
In Dispatch #22, we asked for your prophecy in whether you think Tesla’s BTC allocation is what paves the way for more large-cap companies to invest in Bitcoin. An overwhelming 52% of you answered affirmatively with 10/10 and we can’t help but be proud of the bullish community that has formed around Nexo.