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Morgan Stanley Blows Entire 401k Fund on Bitcoin Trust Because Who Needs Retirement Anyway

AltcoinsBitcoinCrypto News 6 Sam Rogers August 16, 2024

An illustration of a cartoon piggy bank with its mouth wide open as it's being blown away by strong winds while holding onto several balloons labeled 'Bitcoin', 'ETF' and '$188 million'. The background is filled with falling coins. In the distance, an image of Morgan Stanley can be seen in flames surrounded by smoke. A faint outline of a calendar shows June 30th highlighted. At the bottom left corner, there's a small piggy bank lying on its side spilling out money while crying tears made from dollar signs.

The gullible idiots are at it again! Morgan Stanley has apparently decided that throwing a few hundred million dollars into BlackRock’s Bitcoin Trust is a good idea. Because what could possibly go wrong with investing in an asset class that’s only value comes from the fact that some people think it might be worth something someday? It’s not like this is just numbers on a computer, created out of thin air by scammers and con artists

Source: cointelegraph

Morgan Stanley discloses $188M in BlackRock Bitcoin ETF holdings
https://cointelegraph.com/news/morgan-stanley-blackrock-bitcoin-etf-holdings
United States investment banking firm Morgan Stanley revealed that as of June 30, it held roughly $188 million worth of shares in BlackRock’s iShares Bitcoin Trust exchange-traded fund (ETF). In an Aug. 14 filing with the US Securities and Exchange Commission (SEC), Morgan Stanley reported holding more than 5.5 million shares of the iShares Bitcoin Trust (IBIT) in the second quarter of 2024, worth $188 million. The firm also disclosed […]

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About the author

Sam Rogers

Sam’s plunge into the crypto world turned into a brutal farce when he fell for an absurdly obvious scam promising to double his investment. After being fleeced by a slick email con, Sam is left fuming and broke. His writing drips with anger and dark humor as he exposes the outrageous scams and ludicrous promises of the crypto world. His motto: “I didn’t just fall for a scam—I was sucker-punched by an entire industry. If you think crypto is a goldmine, just wait until you see how deep it can dig your grave.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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