Investment banking giant Morgan Stanley’s Chairman and CEO James Gorman recently expressed skepticism about the role of Bitcoin in investment portfolios in an interview with Bloomberg, emphasizing its speculative nature.
Gorman highlighted the inherent risks of Bitcoin, including volatility and regulatory uncertainty, and expressed a cautious stance on investing in cryptocurrencies, stating:
While Gorman believes that “Bitcoin is not going away, it is not a passing fad,” he does not view Bitcoin as a core investment.