{"id":242,"date":"2022-10-16T02:27:46","date_gmt":"2022-10-16T02:27:46","guid":{"rendered":"https:\/\/live-script.xyz\/former-morgan-stanley-ceo-crypto-could-become-a-huge-way-that-monetary-transactions-take-place\/"},"modified":"2022-10-16T02:27:46","modified_gmt":"2022-10-16T02:27:46","slug":"former-morgan-stanley-ceo-crypto-could-become-a-huge-way-that-monetary-transactions-take-place","status":"publish","type":"post","link":"https:\/\/live-script.xyz\/former-morgan-stanley-ceo-crypto-could-become-a-huge-way-that-monetary-transactions-take-place\/","title":{"rendered":"Former Morgan Stanley CEO: Crypto Could Become \u2018a Huge Way\u2019 That Monetary Transactions Take Place"},"content":{"rendered":"<p><strong>Former Morgan Stanley CEO John Mack has confirmed that he still owns bitcoin. While admitting that it is hard for him to understand why crypto has value, the former executive believes that 50 years from now, crypto could be \u201ca huge way that monetary transactions take place.\u201d<\/strong><\/p>\n<h2>Former Morgan Stanley CEO John Mack on Bitcoin and Crypto<\/h2>\n<p>Former Morgan Stanley CEO John Mack talked about bitcoin and cryptocurrency in an interview with CNBC Thursday. Mack was the CEO of the global investment bank from June 2005 to January 2010.<\/p>\n<p>Responding to a question about whether he currently owns bitcoin, he confirmed: \u201cI do. Yes.\u201d He further shared:<\/p>\n<p>Through my family office, we have some outright positions in crypto.<\/p>\n<p>The former Morgan Stanley executive also discussed whether Wall Street will become completely digitized in the future. \u201cI don\u2019t think it goes away but I think it changes dramatically,\u201d he said. \u201cTake crypto, it\u2019s hard for me to understand why it has value,\u201d Mack continued, adding:<\/p>\n<p>Fifty years from now maybe that will be a huge way that monetary transactions take place. It\u2019s easy to wire. You don\u2019t have to worry about putting in a bank. It\u2019s on a computer.<\/p>\n<p>The former Morgan Stanley executive opined: \u201cYou gotta make sure it\u2019s insulated, protected, and no one can break into it. Fifty years from now, I think things will be even more electronic and driven more and more by input from humans in the computers on how to trade, how to take risks, and make sure they don\u2019t go over their limits.\u201d<\/p>\n<p>Mack has been investing in crypto for many years. In July 2017, he told Bloomberg while discussing his investment in crypto startup Omega One: \u201cI have been watching and investing in the cryptocurrency market over the last several years.\u201d Regarding Omega One, he said at the time that he finds the company \u201cto be an important next step in the emergence of this new economy \u2026 making crypto assets cheaper and easier to access.\u201d<\/p>\n<p><em><strong>What do you think about the comments by former Morgan Stanley CEO John Mack? Let us know in the comments section below.<\/strong><\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>Former Morgan Stanley CEO John Mack has confirmed that he still owns bitcoin. While admitting that it is hard for him to understand why crypto has value, the former executive believes that 50 years from now, crypto could be \u201ca huge way that monetary transactions take place.\u201d Former Morgan Stanley CEO John Mack on Bitcoin [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Former Morgan Stanley CEO: Crypto Could Become \u2018a Huge Way\u2019 That Monetary Transactions Take Place - Latest Cryptocurrency &amp; blockchain News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/live-script.xyz\/former-morgan-stanley-ceo-crypto-could-become-a-huge-way-that-monetary-transactions-take-place\/\" \/>\n<meta property=\"og:locale\" content=\"ko_KR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Former Morgan Stanley CEO: Crypto Could Become \u2018a Huge Way\u2019 That Monetary Transactions Take Place - Latest Cryptocurrency &amp; blockchain News\" \/>\n<meta property=\"og:description\" content=\"Former Morgan Stanley CEO John Mack has confirmed that he still owns bitcoin. 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