Morgan Stanley’s Peel: Bitcoin is Becoming an Institutional Topic

Andrew Peel said he sees traditional finance and digital assets continuing to evolve in parallel, but at some point they will join so that traditional services will be available on blockchains.


Andrew Peel, Head of Digital Asset Markets, Morgan Stanley; Blockworks original art by Axel Rangel


key takeaways

  • “Bitcoin as an asset class has become more of an institutional topic, certainly from macro investors,” Peel said.
  • “The growth (in DeFi) can’t be ignored, on one hand these platforms grow significantly but they are also limited on regulatory requirements,” he said.

Andrew Peel, head of digital asset markets at Morgan Stanley, joined Blockworks for an interview at our Digital Asset Summit: NYC conference after he spoke during “The Future of Financial Services and Digital Assets” panel. 

In the interview, Peel shared insight from the conference and talked about: 

  • Traditional finance overlapping with digital assets 
  • Bitcoin as an asset class
  • The explosion of innovation 
  • The power of public, open networks 
  • Crypto evolution over time 
  • Regulatory requirements

Watch the full interview below and watch all of the panel videos from DAS here

Are you a UK or EU reader that can’t get enough investor-focused content on digital assets? Join us in London on November 15th and 16th for the Digital Asset Summit (DAS) London. Use code ARTICLE for £75 off your ticket. Buy it now.


Upcoming Events

Hilton Metropole | 225 Edgware Rd, London

Mon - Wed, March 18 - 20, 2024

Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience: Attend expert-led panel discussions and fireside chats Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts.

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Research report - cover graphics (1).jpg


In this report, we dive into crypto private market data to gather insights on where the future of the industry is headed. Despite a notable downturn in private raises, capital continues to infuse promising projects that aim to transform payments, banking, consumer experiences, community, and more, with 2023 being the fourth-largest year for crypto venture capital.


BUZZ holds shares of Coinbase, Robinhood and MicroStrategy


Opinion: Even though I didn’t pay for my “Diamond Hands” burger with BTC, don’t let that fool you into thinking that crypto’s development is futile


The results mark “a major positive inflection point,” one analyst says, as the exchange carries net income momentum into a crypto rally


While the slate of 10 US spot bitcoin funds have tallied $4.6 billion of net inflows thus far, half of the field is lagging the leaders


Trading volumes totalled $154 billion in Q4, including $125 billion in institutional volume


DeFi on Bitcoin is all the rage right now and Stacks is positioned to benefit