Sometimes it seems institutions and governments spend more time trying to figure out how Bitcoin should be classified, rather than actually doing anything with it. Well, global investment bank Morgan Stanley is the latest to stick their oar in, claiming that Bitcoin has become an institutional investment class, CoinDesk reports. Basically this means its a type of asset like: shares, bonds, property, commodities, or cash. The revelation comes following a review on the last 6-months of Bitcoin usage data conducted by the bank’s research division. The researchers stated that permanent ledger technologies, hacks, hard forks, Bitcoin competitors, and market volatility…
This story continues at The Next Web
Or just read more coverage about: Bitcoin
from The Next Web https://ift.tt/2ESJYpe
