All the major financial players have something to say about the cryptocurrency markets. It is natural that after the $3 trillion threshold, it has become impossible for anyone to keep ignoring cryptocurrencies.
To this effect, the CEO of Morgan Stanley has recently issued a positive statement about cryptocurrencies.
James Gorman has recently said in an interview that he does not view cryptocurrencies as a fad. He was speaking to Reuters when he added that cryptocurrencies are here to stay.
Bitcoin Revolution is a crypto trading tool for investing in the crypto market with an %88 average win rate on trades and is the #1 trading software for crypto traders from all around the globe in 2022. Try it For FREE Today.
However, he maintained that he was unable to find an intrinsic value in the asset class. He also claimed that he does not prefer to invest in products that have a wide range of outcomes.
Speculative Nature of Cryptocurrencies
Gorman attended the CNBC show Mad Money in September, where he claimed that cryptocurrencies are speculative by nature.
He also claimed that he was unable to see crypto as the new store of value. However, at that time, he also claimed that he did not have any cryptocurrencies in his portfolio.
He further exclaimed that he was glad not to purchase Bitcoin at $60K. Additionally, as per his previous remarks, many investors got caught up in FOMO. He also drew a parallel between the ongoing cryptocurrency phases with the dot-com bubble of the 90s.
David Gokhshtein is the founder of Gokhshtein Media, and he has also been a former Congress Candidate. He recently tweeted that he does not agree with the speculative price projection for Bitcoin to reach $1 million. As per him, a more plausible Bitcoin price projection is a modest $250K.
He further exclaimed that the relatively smaller price projection is going to work great for his portfolio. He has told his followers on Twitter that he holds large amounts of XRP, DOGE, and Shiba Inu tokens. He has also kept big cryptocurrencies in his portfolios such as Bitcoin and Ethereum.
Best Forex World is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Some of the content on this site (not all) is paid content that is not written by our authors and the views expressed do not reflect the views of this website. Any disputes you may have with brands or companies mentioned in our content will need to be taken care of directly with the specific brands and companies. The responsibility of our readers who may click links in our content and ultimately sign up for that product or service is their own. Cryptocurrencies, NFTs and Crypto Tokens are all a high-risk asset, investing in them can lead to losses. Readers should do their own research before taking any action.