Morgan Stanley warns of the assent of Crypto

“The recent boom of cryptocurrencies should serve as a warning to government money printers around the world, particularly in the US. Authorities must not assume that the traditional currencies like US Dollar or Euro are the only stores of value or mediums of exchange that people will trust forever,” Sharma mentioned.

In his opinion, the recent initiatives by central banks worldwide to restrict the crypto market will only accelerate negative sentiment around traditional currencies like the dollar.