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Implications for the crypto markets could be far reaching as about 60% of bitcoin and ether exchanges are trades versus a stablecoin, and stablecoin lending has become an important part of centralised and decentralised finance (DeFi), the note added. DeFi is an umbrella term used for lending, trading and other
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Mining for cryptocurrencies can be highly energy intensive, with bitcoin mining alone requiring the same amount of electricity as the Netherlands' annual total power generation, or 0.5% of total global electricity consumption, Morgan Stanley said in a report entitled “ESG Considerations.” Source
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Attempts to regulate DeFi and NFT markets could see less demand for transactions on the Ethereum network. Original Source
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Bitcoin's 50% drop from November's record high is nothing new and the correction is within historical norms, Morgan Stanley said in a research note entitled “State of the bear market.”Estimating the fair value of cryptocurrencies is difficult as they trade in a speculative manner, helped by the large availability
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Cryptocurrency’s usage as a payment vehicle/exchange of value is what should drive its valuation in the long run. However, the market has been trading most cryptocurrencies like speculative risk assets, as evidenced by the correlation between bitcoin and equity markets in the last six months, the report said. Source
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The biggest risk the bank sees is that policymakers move too fast and “implement measures that inadvertently inhibit adoption of cryptocurrencies,” and whilst not its base case, “regulators could still in theory adopt a highly restrictive stance on crypto-related services (or prohibit them altogether) that severely inhibit their growth.” Source
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Investment funds from major U.S. investment bank Morgan Stanley have increased their exposure to Bitcoin through purchases of shares of Grayscale Bitcoin Trust.According to filings from the United States Securities and Exchange Commission on Tuesday, the Morgan Stanley Insight Fund increased its holdings of Grayscale Bitcoin Trust, or GBTC, shares
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”NFTs and social gaming present two near-term opportunities for luxury brands, allowing them to monetize their vast IP (intellectual property) built over decades,” the report says. Dolce & Gabbana’s sale of nine NFTs for $5.7 million last month shows the huge potential for “virtual and hybrid luxury goods,” and the
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Adoption of the metaverse won’t be easy and will take some time, the note cautions, as existing digital media and e-commerce platforms are robust and improving all the time, which means that any metaverse will need to “partner to drive adoption.” Original Source
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Investment bank Morgan Stanley has stated the metaverse is now the next big investment theme, in a note directed to investors Thursday. Strategists from the bank believe this alternate conception of reality is amassing important interest from companies like Meta (formerly Facebook) and Microsoft, which are already trying to grasp
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