Morgan Stanley Sees Bitcoin as US National Reserve Asset

US financial giant Morgan Stanley has declared that Bitcoin’s market value now warrants consideration as a potential national reserve asset for the US government. The bank’s recent report highlights Bitcoin’s impressive $1.87 trillion market cap as evidence of its suitability to serve as a reserve asset. However, despite recognizing Bitcoin’s potential, Morgan Stanley acknowledges its high volatility as a risk factor. They suggest allocating around 12-17% of Bitcoin’s total supply held in the US would align with traditional reserve standards. While support for a Bitcoin reserve has been growing, American billionaire investor Kevin O’Leary disagrees, stating that such a program will never materialize. O’Leary further criticizes Bitcoin advocate Michael Saylor and his company’s strategy for accumulating Bitcoin through stock and debt sales, claiming the move lacks long-term sustainability. In contrast, prominent figures like Anthony Scaramucci believe that a Bitcoin reserve would position the US as a leader in digital asset integration, potentially aiding in addressing the nation’s national debt. ∗ *This is not investment advice.*