Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»Morgan Stanley: Spot Bitcoin ETF Approval Is a ‘Potential Paradigm Shift’ in Global Perspectives on Cryptocurrencies
ADOPTION NEWS

Morgan Stanley: Spot Bitcoin ETF Approval Is a ‘Potential Paradigm Shift’ in Global Perspectives on Cryptocurrencies

By Crypto FlexsJanuary 13, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Morgan Stanley: Spot Bitcoin ETF Approval Is a ‘Potential Paradigm Shift’ in Global Perspectives on Cryptocurrencies
Share
Facebook Twitter LinkedIn Pinterest Email

Posted 1 minute ago In ~

15 years ago, Bitcoin was an idea that surfaced on Internet forums. With the volume of stablecoins now rivaling payments networks such as PayPal and Visa, Wall Street’s adoption of Bitcoin in the form of a spot Bitcoin ​ETF represents “a potential paradigm shift in the global perception and use of digital assets.” “It could mean,” said Andrew Peel, head of digital. Investment bank Morgan Stanley’s asset market.

In a note to investors, Peel provided an overview of the current threats to the US dollar’s current reign as the world’s reserve currency, as 60% of the world’s foreign exchange reserve balances are held in dollars. By comparison, China’s yuan accounts for only 2.5% of its balances, despite recent efforts to increase foreign trade.

However, Peel wrote that several “dollar devaluation” threats could erode the dollar’s top position, including the “surprising” adoption of Bitcoin globally, noting that 100 million people globally hold cryptocurrencies ( Peel claims there are Bitcoin ATMs in 82 countries). With large corporations like Tesla and the sovereign nation of El Salvador.

However, according to Peel, stablecoins could prove to be the “killer app” for cryptocurrencies. Peel points out that in recent years, stablecoin trading volume has rivaled that of traditional digital clearinghouses such as Visa and PayPal. Both Visa and PayPal have taken steps to bring about their own stablecoin adoption, with Visa integrating USDC into Solana and PayPal’s PYUSD stablecoin.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025

AI starts a cost -effective batch API for LLM request.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025
Most Popular

Sapien secures $5 million to gamify AI data labeling.

April 10, 2024

Aave – AMBCrypto

September 9, 2024

AI drive interaction transforms Australia’s National Communication Museum.

June 3, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.