Former Morgan Stanley CEO James Gorman Says Bitcoin Is Not A ‘Fad’: ‘I Just Don’t Think It’s A Core Investment’
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Benzinga
Benzinga
The former CEO of Morgan Stanley, James Gorman, recently shared his perspective on Bitcoin (CRYPTO: BTC), the banking sector and the economic landscape. What Happened: After a 14-year stint as Morgan Stanley’s CEO, which ended on New Year’s Day, Gorman, in an interview with Bloomberg, revealed his confusion about Bitcoin’s value as a storage medium. He stated, “It should play for wealthy people a very small role in their financial fabric because it’s so speculative, it’s so volatile,†reported Business Insider. “I’ve never really understood the value of bitcoin as a form of stored value.†“I j…