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.

article-image

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

share

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.


Tags

Upcoming Events

Salt Lake City, UT

MON - TUES, OCT. 7 - 8, 2024

Blockworks and Bankless in collaboration with buidlbox are excited to announce the second installment of the Permissionless Hackathon – taking place October 7-8 in Salt Lake City, Utah. We’ve partnered with buidlbox to bring together the brightest minds in crypto for […]

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Permissionless is a conference for founders, application developers, and users. Come meet the next generation of people building and using crypto.

recent research

Research Report Templates (1).png

Research

Solana Mobile is a highly ambitious foray into the mobile consumer hardware market, seeking to open up a crypto-native distribution channel for mobile-first applications. The market for Solana Mobile devices has demonstrated a phenomenon whereby external market actors (e.g. Solana-native projects) continuously underwrite subsidies to Mobile consumers. The value of these subsidies, coming in the form of airdrops, trial programs, and exclusive NFT mints, have consistently covered the cost of the phone and generated positive returns for consumers. Given this trend in subsidies, the unit economics in the market for Mobile devices, and the initial growth rate and trajectory of sales, it should be expected that Solana mobile can clear 1M to 10M units over the coming years. As more devices circulate amongst users, Solana Mobile presents a promising venue for the emergence of killer-applications uniquely enabled by this mobile-first, crypto-native distribution channel.

article-image

Mt. Gox has made decent headway with repayments, but they could ramp up from here

article-image

Firm known for crypto hardware wallets set to bring another touchscreen option to consumers

article-image

Plus, BlackRock’s BUIDL is paying out steady yield — and those dividends are growing

article-image

Solana’s biggest liquid staking provider takes a meaningful step towards restaking

article-image

BLAST token skids as Season 2 points plan earns mixed reviews

article-image

Plus, a look at the top asset-gathering ETH ETFs after two days of trading