Strategy CEO: If Morgan Stanley Allocates 2% of AUM to BTC, It Could Bring Potential $160 Billion in Buy Orders

BTC-0,69%

Gate News reports that on March 20, Strategy CEO Phong Le stated on X platform on March 21 that Morgan Stanley’s wealth management assets under management are approximately $8 trillion, with a recommended Bitcoin allocation range of 0-4%. Based on a 2% allocation, this could bring about $160 billion in potential buying demand for the crypto market, three times the size of the existing Grayscale Bitcoin Trust (GBTC). Phong Le described this potential demand as “Monster Bitcoin,” believing that the Bitcoin market could see significant buying pressure, potentially impacting prices and liquidity.

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