New York, USA – E don happen! Morgan Stanley, wey sabi how to manage money well well, don decide say make dem allow all di wealth clients enter crypto market starting from October 15. Before now, only those wey get over $1.5 million fit touch di crypto investments. But wahala no dey again!
In latest gist wey report go show, advisers wey dey work for Morgan Stanley go fit offer crypto funds to clients wey get individual retirement accounts (IRAs) and 401(k)s. Na serious upgrade from di old policy wey ban everybody chop crypto except di big boys wey don get plenty cash and dey brave when e come to investment risk.
According to report, di move fit free plenty money wey dey chill for other assets to finally waka enter crypto. As e be now, US retirement assets dey around $45.8 trillion, with IRAs holding about $18 trillion and 401(k) plans about $9.3 trillion, na big big money wey dem fit use buy crypto. (Dem sabi how to chop money, no be small!)
Morgan Stanley itself dey manage about $6.2 trillion in assets, wey dey serve over 19 million clients. All dis figures dey make sense! But no be say dem dey allow clients just dive anyhow. Dem go use automated systems to make sure say no body dey carry all their money go crypto side without thinking am well. For now, only Bitcoin funds from BlackRock and Fidelity dey available, until dem decide to open gate for other tokens later.
Sei Labs co-founder, Jeff Feng, dey yan say institutions dey see digital assets now no be just as gambling money again, but as proper investment wey need structured access points. Na im wey dem dey talk say digital assets don dey enter regular portfolio matter, e don dey blend with traditional finance well well. (So, anybody wey still dey doubt, time to wake up for di crypto party!)
In October report, Morgan Stanley Global Investment Committee don advise clients to consider exposure to crypto, suggesting 4% for dem wey fit take risk, and smaller percentages for di ones wey dey play safe. As dem dey monitor crypto market, no be only Bitcoin dem dey eye, but other products wey fit join di family later.
Dis kain shift by Morgan Stanley dey follow as big names like Fidelity and JPMorgan don already dey enter crypto space with their own offerings. Fidelity don launch ways wey Americans fit access crypto without dem having to pay heavy fees. Na serious investment wave wey dey come, and e be like say di wealth management agencies dey ready to join di koko!
As e be like this, crypto no be just for ‘rich kids’ again. E don dey clear say everybody go fit throw leg for di matter, as Morgan Stanley unlock di door for more people to enter di crypto market. Na so we go dey see how dis arrangement go unfold in di coming days!
Do you have a news tip for NNN? Please email us at editor@nnn.ng
