Though James P. Gorman, the chief executive of Morgan Stanley, rejects Bitcoin and says that it is ‘surreal,’ his staff is eager to attend a talk from three Bitcoin proponents e.g. Marco Santori, Juan Llanos and Rik Willard. The three stalwarts are going to convince the skeptics in Morgan Stanley with their powerful presentation of facts and logic.
The program is scheduled on Thursday 20th March, 2014 wherein the three staunch Bitcoin proponents will be speaking to a nearly packed house of Morgan Stanley employees at the company’s headquarters in New York City. Bitcoin which has recently been facing flake from all corners thanks to Mt. Gox collapse is also winning many skeptics and the event is expected to win some more.
Earlier, talking to media James P. Gorman had said that he was not sure if he understands Bitcoin but it is totally surreal. He had shown his concern on Bitcoin after the Mt. Gox collapse and asked for attention on the part of regulators. He is not the only celebrated honcho who is skeptical about Bitcoin, ForexMinute reported earlier about Warren Buffet’s skepticism as well.
Apart from James P. Gorman, several other people higher in the organization too are skeptical about Bitcoin – one of them is bank chief executive, Jamie Dimon, who runs JPMorgan Chase. Dimon says that Bitcoin is a “terrible store of value” that could be “replicated over and over.”
Will the Three Bitcoin Stars Be Able to Convince Top Executives at Morgan Stanley?
It is yet to be seen how the trio of Marco Santori, Juan Llanos and Rik Willard present their arguments in favor of Bitcoin, it is well established that they will have to face a lot of tough questions coming from the executives at the leading global financial organization. The questions from the top executives at Morgan Stanley in fact are open for the trio.
Bitcoin which have not been able to transit to mainstream banking organization and several banks have showed their disinterest will have an opportunity with the event. At the same time, it is also a great opportunity for traditional banking organizations to at least try their hands in the digital currency which is going to sway the world in future.
So far, one welcome gesture has been from the research department of Bank of America Merrill Lynch. The research team says that Bitcoin become a major means of payment for e-commerce and may emerge as a serious competitor to traditional money transfer providers.
To contact the reporter of this story: Deepak Tiwari at firstname.lastname@example.org