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Morgan Stanley CEO: ‘I Don’t Think Crypto Is a Fad’
Morgan Stanley Chief Executive Officer James Gorman is staying respectful of cryptocurrencies. “I don’t think crypto is a fad. I don’t think it’s going to go away,” he said on the bank’s third-quarter earnings call with analysts Thursday morning. “I don’t know what the value of Bitcoin should or shouldn’t be. But these things aren’t going away, and the blockchain technology supporting it is obviously very real and powerful.” That sets him up as a foil to rival Jamie Dimon, who runs JPMorgan Chase & Co. “I personally think that Bitcoin is worthless,” Dimon said this week at the Institute of ... (full story)