While Morgan Stanley is still a fan on the blockchain technology that serves as the base of bitcoin, analysts at the investment bank are a more cautious when it comes to the surge in the price of the crypto-currency.
“The rapid appreciation of cryptocurrencies has elicited many inbound phone calls to both our banks and tech teams,” the firm wrote in a report titled ‘Blockchain: Unchained?’ that was released this Tuesday. “Possible explanations include investors in search of uncorrelated risk assets and technologists looking for incremental security. But governmental acceptance would be required for this to further accelerate, the price of which is regulation.”
Personally, we didn't need regulation to get this far don't know why we need them now