Morgan Stanley: Bitcoin Now Large Enough to Be a US Reserve Asset ...Middle East

the crypto basic - News

Morgan Stanley has stated that Bitcoin now possesses sufficient market capitalization to be considered a U.S. government reserve asset. However, the financial institution cautioned that Bitcoin’s volatility remains significantly higher than that of other traditional reserve currencies. Notably, Bitcoin's market capitalization stands at $1.87 trillion. Morgan Stanley estimated that a $370 billion allocation to Bitcoin would mirror its global market capitalization weight. The report also suggested that a U.S. reserve holding between 12% and 17% of the total Bitcoin supply would be consistent with how other reserve currencies are proportioned. The findings arrive as the Trump administration advances plans for a Strategic Bitcoin Reserve. In March, an executive order directed the formation of a federal entity to custody Bitcoin assets, drawing comparisons to Fort Knox. Bitcoin advocate Troy Cross noted that although current volatility may disqualify Bitcoin from formal reserve status, its declining trend suggests potential. He added that once Bitcoin stabilizes below volatility thresholds, its adoption as a reserve could accelerate sharply. twitter.com/thetrocro/status/1919546056347701614 Bitcoin Strategic Reserve Bill Faces Opposition Despite support from crypto advocates, the proposed reserve plan has faced resistance from some financial leaders. In a public debate, Kevin O’Leary dismissed the initiative, asserting that the Strategic Bitcoin Reserve Bill would not pass in Congress. He criticized the bill’s champion, Michael Saylor, alleging that his company’s Bitcoin accumulation strategy is motivated by self-interest. O’Leary argued that Saylor’s firm raises capital through share and debt sales to fund Bitcoin purchases, creating a valuation model he claims lacks long-term sustainability. Meanwhile, proponents like Anthony Scaramucci argue that the Bitcoin reserve measure would position the U.S. at the forefront of digital asset integration and help address the U.S. national debt. UK and Switzerland Reject National Bitcoin Reserves International response to Bitcoin reserve proposals has also remained cautious. The United Kingdom has ruled out holding Bitcoin as a reserve asset. Economic Secretary to the Treasury Emma Reynolds confirmed the decision during her remarks at the FT Digital Asset Summit. She emphasized that the UK would instead focus on regulation and the use of blockchain in public finance systems. Meanwhile, the Swiss National Bank (SNB) has echoed similar concerns. At the institution’s General Assembly, SNB President Martin Schlegel stated that cryptocurrency market liquidity and volatility continue to present risks for long-term value preservation. He noted that even seemingly stable digital markets can quickly lose liquidity during crises, disqualifying them from consideration as reserve-grade assets.

Read More Details
Finally We wish PressBee provided you with enough information of ( Morgan Stanley: Bitcoin Now Large Enough to Be a US Reserve Asset )

Also on site :

Morgan Stanley: Bitcoin Now Large Enough to Be a US Reserve Asset ...Middle East

Ukrainian drones force suspension of Russian electronics factory

England Playing 11 vs West Indies- 3rd T20I, West Indies tour of England 2025

More than 1,000 doctors urge MPs to vote down ‘deeply flawed’ assisted dying bill

Greta Thunberg Says She Has Been Kidnapped by Israeli Forces-What We Know

Jesse Williams’ X Account Seemingly Hacked

MLB stadium evacuated as fire breaks out inside ballpark and first responders rush to scene

Honeymoon horror: Sonam’s ‘lover’ worked in brother’s firm; cops dig deeper into husband's murder

Wolverhampton charity celebrates two year anniversary of project supporting children and young people

National SEND watchdog only way to guarantee children’s support, government told

Firefighters and police called after six cows became stuck in canal near Oswestry

Concerns over UK migration are ‘terrorist’ – officials

Today in History: June 9, Secretariat wins Triple Crown in record time

EHL Innovation Rewind: Niels de Fraguier on Regeneration, Collective Intelligence, and the Responsibility of Innovation

"There's absolutely no comparison"- Sanjay Manjrekar baffled at 'Ro-Ko' being bracketed together in tests

Activist retail investors take on Korea’s corporate laggards