“Investors will be able to go long or short using the so-called price return swaps, and Morgan Stanley will charge a spread for each transaction.”This comes 6 months after the bank said it would team up with clearing Bitcoin futures contracts. Morgan Stanley has published statements on the short term future of the crypto markets this week with the strategist Mike Wilson making it known over what could be a bear market in 2019. He was quoted on 12th September saying:
“Our call is not for a simultaneous and large repricing across risk assets, but for a bear market that rolls through different assets and sectors at different times with the weakest links (BItcoin, EM debt and equities, BTPs, funding spreads, base metals, and early cycle industries like home builders and airlines) being hit first or hardest.”Plans for Bitcoin interaction are still a big topic within the cryptocurrency space. Reports say that Goldman has since but its crypto trading desk plans on the back burner for the time being, this sent confusion throughout the markets. However, some reports has classed this as fake news. Despite all this, Morgan Stanley still hasn’t commented confirming any of this information from Bloomberg. What do you think about these reports about Morgan Stanley? We’d love to hear your thoughts in the comments down below!