crypto derivative

Morgan Stanley & Crypto: We told you so

We hate saying I told you so, but…

  • Morgan Stanley, one of the world’s largest investment banks, has just poached Credit Suisse’s resident “bitcoin expert” to head the former’s digital assets unit.

  • Morgan Stanley is reportedly preparing to offer bitcoin swap trading for clients, joining other top banks in a sector-wide effort to explore digital currencies.

  • Goldman Sachs clarified last week that the bank is working on a type of derivative for bitcoin called non-deliverable forwards due to client demand.

We published an article on July 27, 2017, covering our recent interactions with Morgan Stanley contacts. We presented a bullish case after our discussions with Morgan Stanley. Most of those cases have turned out to be true (bar the ETF comment: it doesn’t look like an ETF for Bitcoin will come from Morgan Stanley in 2018).

Now, Morgan Stanley have consistently made more and more comment on Bitcoin, Blockchain and Crypto (especially from Q3 2018).

The purpose of sharing this post this morning is two fold. One: we want to remind everyone that bullish news presented at an early time (i.e. as per our original post in July 2017) should never be forgotten. Always keep your finger on fundamentals, as fundamentals are what will drive this market long term. Two: Sometimes things play out as expected (i.e. the majority of our calls back in July 2017) and sometimes they don't. Just because we post something, or anyone else posts something, always have a plan B in case some or all doesn't eventuate as expected. We are all human and the Crypto market is INEFFICIENT (An inefficient market, according to efficient market theory, is one in which an asset's market prices do not always accurately reflect its true value).

- ฿ ฿ ฿ -

Interesting side-note: Morgan Stanley veterans aren’t immune to the lure of Crypto. Zoe Cruz, a former executive, is on the board of Ripple. The bank’s former CEO, John Mack, took an interest in Omega One. Morgan Stanley are just one fine example of established corporations who are going full-speed into Cryptocurrency and Blockchain.

Find out more about how the market is acting and the news coming out through our PremiumProgram, currently at a discounted $39 a month.

Goldman Sachs - BTC Derivative

UPDATE 6/09/2018: We can now confirm that indeed our sources were correct, Goldman Sachs is working on bitcoin derivative for clients, confirmed by the CFO, Martin Chavez.

Our sources have been telling us for months that Goldman Sachs were working on a crypto derivative for their Clients, as this was something desperately wanted by high-net-worth Clients of the massive bank. A quiet development of such a product offering would line up perfectly should it be announced within the next month or so, as investment banks move to secure a foothold in the Crypto community.

TAKEAWAY: This is great news. Once confirmed, we will let you all know.