20-page report on Ethereum as an asset class
Morgan Stanley wants to educate customers
Ether with more potential than Bitcoin
Morgan Stanley Wealth Management recently released a 20-page report on Ether. Ether is the second largest cryptocurrency after bitcoin – while a coin currently costs around 2,664 US dollars, the market value of all ether coins is around 318 billion US dollars (as of 02/20/2022).
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No buy or sell recommendation for Ether
In the report, according to Barron’s, Denny Galindo’s team of investment strategists emphasizes that ether is distinctly different from other cryptos, which is why it could well be worth considering the coin as a solid investment in its own right, independent of bitcoin. However, the report is “not a recommendation to buy or sell ether”, as the magazine further quotes. Rather, the experts at the US investment bank “won’t see this asset class disappearing”.
Ether with “potentially larger market” than Bitcoin
As Galindo further emphasizes in his report, Ether has significantly more functions than Bitcoin, which only serves as a means of payment and a store of value. The expert will focus in particular on decentralized financial instruments (DeFi), decentralized applications (DApps) and also non-fungible tokens (NFTS). He emphasizes the great potential benefits of Ethereum, noting that the second largest cryptocurrency has a “potentially larger market” than Bitcoin. On the other hand, there are regulatory difficulties – as with many other cryptocurrencies – which make an investment in ether just as risky.
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