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Bitcoin ‘More Than Just a Fad,’ Morgan Stanley CEO Says

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Re: Bitcoin ‘More Than Just a Fad,’ Morgan Stanley CEO Says

#11

Good thing that all these Wall Street CEOs share these nuggets of wisdom with us uncouth plebeians. Their charity is out of this world! Now I just need to know what Jim Kramer thinks of this and I'm good.

Like it or not, major figures in the financial industry saying “this is legit” helps bitcoin’s image which has knock-on effects. Bitcoin still struggles from the “its only used to buy drugs” stigma even with some on here.

Re: Bitcoin ‘More Than Just a Fad,’ Morgan Stanley CEO Says

#12
post #3

if I invest in Bitcoin today, am I still an early adopter?

I think that it will go to like 20k in the next 4 years but there are coins that will grow much more. Bitcoin is the conservative investment.

> Bitcoin is the conservative investment.

Now this is what I come to HN in the morning for.

Re: Bitcoin ‘More Than Just a Fad,’ Morgan Stanley CEO Says

#13

Good thing that all these Wall Street CEOs share these nuggets of wisdom with us uncouth plebeians. Their charity is out of this world! Now I just need to know what Jim Kramer thinks of this and I'm good.

Like it or not, major figures in the financial industry saying “this is legit” helps bitcoin’s image which has knock-on effects. Bitcoin still struggles from the “its only used to buy drugs” stigma even with some on here.

The point of crypto is making these figures irrelevant.

Re: Bitcoin ‘More Than Just a Fad,’ Morgan Stanley CEO Says

#15

Good thing that all these Wall Street CEOs share these nuggets of wisdom with us uncouth plebeians. Their charity is out of this world! Now I just need to know what Jim Kramer thinks of this and I'm good.

You joke, but Jim Kramer provides a valuable service.

I was basically financially illiterate until I had someone who could YELL the information at me. THANK YOU JIM KRAMER!

Re: Bitcoin ‘More Than Just a Fad,’ Morgan Stanley CEO Says

#17

Good thing that all these Wall Street CEOs share these nuggets of wisdom with us uncouth plebeians. Their charity is out of this world! Now I just need to know what Jim Kramer thinks of this and I'm good.

You joke, but Jim Kramer provides a valuable service. I was basically financially illiterate until I had someone who could YELL the information at me. THANK YOU JIM KRAMER!

The thing is that once upon a time, (I wanna say mid 2000s), there was a large segment of population (e.g. retired people with money) who though Kramer was impartial and who invested based on his advice.

Re: Bitcoin ‘More Than Just a Fad,’ Morgan Stanley CEO Says

#18

Good thing that all these Wall Street CEOs share these nuggets of wisdom with us uncouth plebeians. Their charity is out of this world! Now I just need to know what Jim Kramer thinks of this and I'm good.

Like it or not, major figures in the financial industry saying “this is legit” helps bitcoin’s image which has knock-on effects. Bitcoin still struggles from the “its only used to buy drugs” stigma even with some on here.

I read the article, and I think the headline is misleading. I'd say an accurate headline is, "Gorman says 'Bitcoin sure is sumthin.'"

Re: Bitcoin ‘More Than Just a Fad,’ Morgan Stanley CEO Says

#19
post #10

> "The concept of anonymous currency is a very interesting concept -- interesting for the privacy protections it gives people, interesting because what it says to the central banking system about controlling that." I don't think he means bitcoin in particular, it could be any crypto currency. Bitcoin is still a ponzi scheme in bubble phase.

hey that's not fair... it's a pyramid scheme, not a ponzi

Re: Bitcoin ‘More Than Just a Fad,’ Morgan Stanley CEO Says

#20
post #7
post #3

if I invest in Bitcoin today, am I still an early adopter?

Depends on who you think will adopt it after you.

Indeed. The question isn't whether you're an early adopter, but whether you're an early enough adopter.
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