CEO of Morgan Stanley: "Bitcoin is more than a fad"

At a recent September conference hosted by the Wall Street Journal on the Future of Finance, James P. Gorman, the CEO and president of investment banking firm Morgan Stanley, stated that "Bitcoin is certainly more than a fashion passenger "and that" the concept of an anonymous currency is very interesting. "

The top executive of the New York-based investment bank talked about the security that can be offered by cryptocoins and their personal relationship with investments in them.

Likewise the executive director of one of the largest financial institutions in the world, he confessed that he has not made investments in Bitcoin, but that he knows people who have done so and according to his point of view, should not be illegal. "I have not invested in this, I have talked to many people who have done so. It is obviously high speculation but, it is not something that is inherently bad, "he explained.

These statements are in complete opposition to those expressed by Jamie Dimon, CEO of JP Morgan Bank, which could have caused the recent sharp drop in Bitcoin's value between September 12 and 15. In these it crossed out the criptocoins based on technology blockchain of fraudulent and worse to the financial crisis caused by the speculation of tulip bulbs in Holland in 1634.

Gorman seems to agree more with another senior JPMorgan executive, Tom Lee, who predicted that the most popular Cryptomoneda would be worth $ 25,000 over the next 5 years. Dimon, on the other hand, was involved days ago in a complaint by manipulation of markets in Sweden after his declarations on the Bitcoin, where he was accused of spreading false and misleading information while the bank JPMorgan became one of the most buyers assets of this criptocoin.

images and source of the news. Click here!