Devin Ryan, managing director and capital research analyst at JMP Securities, predicted that $1.5 trillion could flow into Bitcoin, more than the current market capitalization of cryptocurrencies.
The company sees an increase in asset management companies following the lead of Morgan Stanley. "About $30 trillion in assets in the US retail wealth management industry currently do not have direct access to bitcoin."
One of the largest American investment banks, Morgan Stanley will offer its wealth management clients access to bitcoin funds. The asset management divisions of Goldman Sachs, JPMorgan Chase, and Bank of America currently prevent their advisers from offering direct investments in bitcoin funds.
This is a very important event in the entire history of the transition of large funds and investors to bitcoin, which has yet to be comprehended.
The market movement has already begun. According to research by blockchain companies, in recent days, when bitcoin fell in price, there were movements of institutional funds towards large OTCs.
Preparations are underway for the big investment banks to enter the market.
