The Mainstream Media Narrative Shifts as Deutsche Bank and Morgan Stanley Come to Bitcoin

Today on the Brief:

• A follow-up on celebrity in crypto
• Dapper Labs and BlockFi raising at multibillion dollar valuations
• Cathie Wood and ARK increase their bitcoin position

Our main discussion looks at the latest institutional bitcoin news:

• Deutsche Bank – the world’s 21st largest – quietly revealed a digital asset custody program with much bigger ambitions in a December 2020 World Economic Forum report 
• Bloomberg is reporting that Morgan Stanley’s $150B investment unit is considering a direct bitcoin position

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