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Morgan Stanley’s Army of Bitcoin Peddlers Descends Upon Unsuspecting Millionaires Next Week

An illustration of a suited financial advisor standing in front of an open briefcase overflowing with dollar bills while looking at the viewer through binoculars. In the background is a cityscape with skyscrapers and people walking on streets but all are blurred out except for one person holding a smartphone showing a bitcoin price chart, who stands still amidst chaos.

Oh joy! The financial wizards at Morgan Stanley have finally decided that they can make a quick buck by peddling Bitcoin to the gullible masses. Congratulations are in order for these visionaries who will now enable 15,000 of their best and brightest (read: least competent) advisors to flog this overhyped nonsense to anyone with $1.5 million or more stuffed under their mattress

Source: bitcoin.com

Morgan Stanley is set to offer spot bitcoin exchange-traded funds (ETFs) to select clients through its 15,000 financial advisors starting next week. This marks a significant first for a major Wall Street bank. Advisors can pitch Blackrock’s Ishares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund to eligible clients, reflecting the growing acceptance of bitcoin in mainstream finance. U.S. spot bitcoin exchange-traded funds (ETFs) have been available since January, following […]

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