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Morgan Stanley May Bet on Bitcoin in $150 Billion Investment Arm

  • Counterpoint Global unit is weighing whether asset is suitable
  • More mainstream firms are accepting Bitcoin amid recent rally
Bloomberg business news
Watch: Bitcoin is climbing to another record amid signs of a widening embrace across the financial services industry. (Source: Bloomberg)
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A $150 billion Morgan Stanley investing arm known for its prowess in picking growth stocks is considering adding Bitcoin to its list of possible bets.

Counterpoint Global, a unit of Morgan Stanley Investment Management that’s racked up wins in mutual-fund rankings, is exploring whether the cryptocurrency would be a suitable option for its investors, according to people with knowledge of the matter. Moving ahead with investments would require approval by the firm and regulators.