Morgan Stanley CEO James Gorman "Bitcoin Isn't Inherently bad" more than a fad

One of Wall Street's most compelling bankers does not trust bitcoin ought to be illicit while including that the digital currency is "something beyond a prevailing fashion."

Morgan Stanley CEO James Gorman was talking at the 'Money Street Journal Future of Finance' occasion when a group of people part looked for his assessments on Digitalcurrency forms of money.

"It’s a fascinating development, that’s certainly something more than just a fad. The concept of ‘anonymous currency’ is a very interesting concept. Interesting for the privacy protections it gives people…interesting because what does it say to the central banking system…about controlling that."

In spite of some of his Wall Street partners, Gorman's remarks on digital currencies struck a deliberate tone.

Gorman additionally uncovered that while he has not put resources into bitcoin, he has met various individuals who are financial specialists in the digital currency showcase.

"I haven’t invested in this, I’ve talked to a lot of people who have. It’s obviously highly speculative but, it’s not something that’s inherently bad. It’s a natural consequence of blockchain technology, as I understand it."