In a notable shift within the financial market, the longstanding correlation between cryptocurrency prices, specifically Bitcoin, and luxury watch valuations has come to an end.
Morgan Stanley News
Morgan Stanley released a research report stating that Bitcoin is not a currency for transactions, but rather a speculative asset.
Bitcoin, the world’s largest cryptocurrency, has taken the world by storm as it is on track for its best January in the past decade.
Mike Novogratz, founder and CEO of Galaxy Digital Holdings Ltd., said at the Morgan Stanley conference: Ethereum should stay around $1,000, and it is $1,200 now.