‘Bitcoin as Digital Cash’

‘Bitcoin as Digital Cash’

The Morgan Stanley released an update to the report titled ‘Bitcoin Decrypted: A Brief Teach-In and Implications.” The report marked Bitcoin as a ‘digital cash.’ It claimed Bitcoin is a ‘new institutional investment class.’ The market performance of Bitcoin was discussed and reported that $7.11 billion crypto assets are stored by hedge funds, private equity firms and venture capital firms.

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