Counterpoint Global, Morgan Stanley’s $ 150 billion investment arm, is considering adding Bitcoin to its portfolio of high-growth assets.
According to a report by Bloomberg, sources familiar with the matter reveal that the investment giant is exploring whether the main crypto asset is the right fit for its investors.
Counterpoint Global was able to deliver gains of more than 100% on five of its 19 funds in 2020. Notable investments in the company’s portfolio include Amazon, Shopify, Slack Technologies, Zoom and Moderna.
If the company proceeds with an investment in Bitcoin, which will require approval from regulators, they will join the growing list of financial institutions and corporations that have ceded and allocated capital to Bitcoin in recent months.
Counterpoint Global’s potential move towards the world’s highest cryptocurrency echoes some analysts’ predictions that institutional money is preparing to accumulate at BTC. Raoul Pal, macro guru and co-founder of Real Vision Finance, said in December that a gigantic wave of institutions is poised to buy Bitcoin.
“We have not yet put institutions in this. They’re all getting into it. I know they are because I’m talking to them all. I just spoke to the largest investment advisory firm in the United States. Its founder is teaching as many investment advisers as possible why Bitcoin – they can’t invest yet because there is no ETF – but by the time they arrive, these guys have $ 5 trillion in assets among the U.S. investment advisory community in the US alone and if they put in 10 basis points, it would be $ 5 billion immediately, but chances are it will be much more because it is a very fast-moving asset. “
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