Morgan Stanley
Morgan Stanley: Luxury NFT Market Could Hit $56B by 2030
According to last week's research note from Morgan Stanley, metaverse gaming and non-fungible tokens (NFTs) could represent a revenue opportunity of $56 billion for the luxury market by 2030. The bank expects the total NFT market to grow to $300 billion by that year. Meanwhile, Mogran Stanley says Facebook stock is the best way to get exposure in Metaverse, adding that it's “all upside and would be another layer-cake of multi-year monetization.” The Hash" squad discusses the outlook for the luxury sector as it increasingly collides with the world of crypto.
Morgan Stanley Sees Facebook as Best Stock to Gain Exposure to the Metaverse
Bank sees around $5 trillion of consumer expenditure that could be digitized faster.
More Firms Embracing the Metaverse and Gaming Stocks Have Already Benefited, Morgan Stanley Says
The metaverse does exist but not yet in its “purest form,” said the analyst.
Banking Industry Likely to Capitalize on Stablecoin Deposit Demand, Says Morgan Stanley
The stablecoin market cap has grown to $137.7 billion from $20 billion a year ago.
Morgan Stanley CEO Says Crypto Isn’t a Fad, Though Not Seeing Much Client Demand
“For us, honestly it’s just not a huge part of the business,” CEO James Gorman said on the bank’s earnings call.
Morgan Stanley CEO Says Crypto Isn’t a Fad, Though Not Seeing Much Client Demand
James Gorman, CEO of Morgan Stanley, said cryptocurrency isn’t a fad and is not going away. Though, he said his bank isn’t seeing much client demand. In April, the firm confirmed it is offering wealth management clients exposure to bitcoin through a pair of external crypto funds.
Morgan Stanley Silvergate Report Sends Crypto-Friendly Bank Up 7%
Morgan Stanley sees potential stablecoin adoption as positive for the bank.
Morgan Stanley Taps Longtime Foreign-Exchange Expert to Lead Crypto Research Team: Report
Sheena Shah has been an FX strategist at the firm since 2013.
Morgan Stanley Buys Over 28,000 Shares of Grayscale Bitcoin Trust
The banking giant has been increasingly active in the cryptocurrency space to meet increased demand from its clients.
Securitize Raises $48M in Funding Round Led by Morgan Stanley, Blockchain Capital
Securitize appointed Pedro Teixeira, the co-head of Morgan Stanley Tactical Value, to its board of directors.
