Bitcoin Magazine

Morgan Stanley has reportedly set up a 'Digital Asset Lab' to test cryptocurrency products, according to a report highlighted by Bitcoin Magazine. The move signals the Wall Street bank's continued interest in digital assets and follows a broader trend of major financial institutions exploring crypto services for wealthy clients. Details on the lab's specific projects and timeline were not immediately disclosed.

Ryan Rasmussen, head of research at asset manager Bitwise, says sovereign wealth funds and governments are selling gold reserves to buy Bitcoin. The claim, aired via Bitcoin Magazine, suggests nation-states are beginning to treat Bitcoin as a superior reserve asset. If accurate, it marks a significant shift in how governments manage reserves, though details and evidence supporting the claim were not provided.

André Dragosch, a crypto market analyst, has made the case that Bitcoin's fair value stands at roughly $197,000, well above current trading levels. The valuation, outlined in a piece published by Bitcoin Magazine, argues that on-chain and macroeconomic models point to significant undervaluation of the cryptocurrency.