Latest from Will Canny
Morgan Stanley Sees Facebook as Best Stock to Gain Exposure to the Metaverse
Bank sees around $5 trillion of consumer expenditure that could be digitized faster.
Metaverse Gaming, NFTs Could Account for 10% of Luxury Market by 2030: Morgan Stanley
The bank expects the total NFT market to grow to $300 billion by that year.
Blockchain Tech Has Evolved Enough to Meet Some Demands of Financial Markets: RBC Report
Asset-backed securities markets, including MBS, have a high potential for disruption, the report says.
Bitcoin Still Unsuited for Mainstream Payments, Says Deutsche Bank
Legacy payment networks still win for mainstream payment uses, the investment bank wrote this week.
One-Fourth of Fund Managers Expect Bitcoin Price Over $75K in 12 Months: BofA Survey
Long bitcoin trades more crowded than long ESG, the survey said.
More Firms Embracing the Metaverse and Gaming Stocks Have Already Benefited, Morgan Stanley Says
The metaverse does exist but not yet in its “purest form,” said the analyst.
Bitcoin Breakout May Have Further to Run, Altcoins Also to Gain, FSInsight Says
Litecoin, algorand and chainlink are all likely to strengthen following recent breakouts.
Banking Industry Likely to Capitalize on Stablecoin Deposit Demand, Says Morgan Stanley
The stablecoin market cap has grown to $137.7 billion from $20 billion a year ago.
Jefferies’ Wood Urges Banks to Embrace Blockchain, Add More Bitcoin Exposure
The Jefferies strategist is “fundamentally bullish” on crypto and added another 5% exposure to his current bitcoin allocation recommendation.
Ether to Extend Outperformance Versus Bitcoin Following Recent Breakout, FSInsight Says
Solana may see some consolidation in the near term following recent gains.
