Sometimes it seems that various institutions and government bodies spend more time trying to figure out how Bitcoin should be classified rather than creating the necessary transparent laws to make it work.
According to representatives of the investment bank Morgan Stanley, Bitcoin has already become an institutional investment class. This means that Bitcoin is an asset class like stocks, bonds, property, commodities or money. This conclusion was made by bank employees after analyzing data on the use of Bitcoin by large investors over the past 6 months.
According to analysts, this classification is the most accurate, taking into account hacking, competition with altcoins, and market volatility. They concluded that Bitcoin is no longer just a payment or financial system, but has instead become its own asset class in its own right.
According to information, international banks have been testing the use of Bitcoin for some time. Some believe they are preparing to launch a Bitcoin ETF.
The classification of Bitcoin as an asset class is not that far off from Nakamoto's original classification.
However, Satoshi hardly expected that banks would become the main holders of the digital asset.
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