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JMP Securities Expects $1.5 Trillion to Flow Into Bitcoin as Retail Wealth Management Industry Follows Morgan Stanley to Offer BTC to Clients

JMP Securities has predicted that “$1.5 trillion of incremental capital” could flow into bitcoin, an amount greater than the cryptocurrency’s current market cap. The firm sees more wealth management companies following Morgan Stanley’s example to offer bitcoin to their clients. “Around $30 trillion of assets in the U.S. retail wealth management industry currently do not have direct access to bitcoin,” he said. $1.5 Trillion Could Flow Into Bitcoin, Analyst Says San Francisco-based financial services firm with offices nationwide JMP Securities said last week that Morgan Stanley‘s move to offer wealthy clients exposure to bitcoin is the “tip of the iceberg”…

Continue Reading JMP Securities Expects $1.5 Trillion to Flow Into Bitcoin as Retail Wealth Management Industry Follows Morgan Stanley to Offer BTC to Clients

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