SilentHodlerMember
Posts: 36 · Reputation: 175
#1Oct 24, 2020, 11:30 PM
So I just heard Morgan Stanley's launching a Bitcoin ETF on NYSE on April 8 with the ticker MSBT. Sounds legit, right? Check this out…
Morgan Stanley’s Bitcoin ETF Launching Soon!
10 replies 52 views
Morgan Stanley's been kinda in the Bitcoin scene for a while now, just took them longer to roll out their own fund compared to others like BlackRock. But hey, a big bank joining the game says there’s some serious cash flow at stake here.
Honestly, I'm not too hyped about this news. Feels like another step toward centralization, which totally goes against what Bitcoin was made for. Plus, since we got Bitcoin ETFs, it hasn’t exactly been fireworks for prices.
Yeah, I get what you're saying. The centralization part sucks. But we can’t really stop it now. Just like gold had its ETF days, Bitcoin is following the same path. It’s frustrating for sure. And let’s face it, who actually owns Bitcoin through these ETFs? Not us, lol.
Is it really centralization though? Bitcoin isn’t a POS, and just because a few investors get more wealth doesn’t mean it’s centralized. Really curious about this.
When everything demands KYC, we’re definitely losing some of that decentralization vibe. I’m not saying it’s holding Bitcoin’s price, but every bull run we've hit new highs. This ETF is mainly for the rich, not for the average joe hodler.
SilentHodlerMember
Posts: 36 · Reputation: 175
#7Oct 29, 2020, 06:02 AM
With MSBT joining Morgan Stanley's huge wealth network, which manages like $9 trillion, we might see a supply squeeze coming. Fidelity and BlackRock are all in too, with institutions hoarding Bitcoin like it’s the new treasure. Almost half of all Bitcoin is locked away, and this ETF craze isn't helping.
What makes this potential 'Supply Shock' wild is the shift from small-time players to institutional heavyweights. When Bitcoin’s in ETFs, it isn’t getting traded on exchanges like crazy anymore. It’s becoming a part of those 'buy and hold' strategies. Who knew it’d turn into digital gold?
Not surprising at all they’re jumping on the bandwagon after seeing BlackRock profit from it. They know there’s money to be made, even if it’s not huge for them, it’s still a win. Just pays for some of their higher-ups.
nonce_2018Member
Posts: 58 · Reputation: 110
#10Oct 30, 2020, 05:36 PM
Absolutely! Bitcoin's future looks promising. The speculation about its price hitting crazy numbers like $250k or even $1M? Some think it’s possible now with all this institutional interest. I’m pretty stoked about it, honestly.
Yeah, more institutions showing interest is great. If they keep this up, Bitcoin might just blow past previous all-time highs. Who knows how high it could go!