Morgan Stanley reaffirms Bitcoin as digital gold thesis
- —Recommended allocation: 0–2% for balanced portfolios, 2–4% for risk-tolerant clients
- —BTC market cap is about 2% of the $130 trillion market (M2 + gold)
- —Return forecast: 3% in stagnation, 6–7% base case, up to 10% with accelerated adoption
- —The MSBT spot ETP had gathered about $609 million in assets by September 14, 2026
Why it matters: A formal allocation recommendation from a major bank strengthens institutional demand for Bitcoin as a defensive asset.
Source: Crypto Briefing