Morgan Stanley CEO James Gorman is the last to say in an interview that Bitcoin is 'by definition speculative', although he also considers it to be 'more than a passing fad'

One of the songs that I like the most on WarCry is 'Hoy gano yo', a song that talks about how heavy metal fans have been insulted, despised and forgotten and I say it in the past tense, because luckily society changes, although there are redoubts of moth-eaten everywhere. The most moth-eaten sector in the world is that of traditional banking and investment and venture capital. We have laughed a lot at Jamie Dimon, CEO of JP Morgan, but now Morgan Stanley President and CEO James Gordon has come out to look ridiculous.

Basically he has appeared on CNBC, commenting that the weight of Bitcoin is well above what it should and especially that this cryptocurrency, according to his criteria 'does not deserve the attention it is receiving' and he argues as follows: 'Something that it rises 700% in one year, it is by definition speculative. Therefore, anyone who thinks they are buying something and that it is a stable investment is deluding themselves. '

In addition, the head of this financial firm has spoken about the 'ambiguities' that exist around BTC, even if it is a new form of market value or not, to which he has replied that 'I am not so sure'. We must emphasize that his position on this cryptocurrency, which continues to be that it is 'something more than a passing fad', highlighting that its increasing acceptance and usability mean that 'it will not disappear overnight'.

It is curious how traditional banking, capital investors, the pamphlets published by Wall Street 'experts' and others adjacent to it, to which they can, jump to attack Bitcoin, claiming that it is a pyramid scam, a simple scam or Similar. White collar thieves, tie scammers and pen and paper scammers are the first to attack these cryptocurrencies, but investing in their blockchain, which makes their promiscuous moral position clear. They do not want us to use these cryptocurrencies, because they lose capital with which to speculate, that simple.