XRP Shows Potential Resilience Among Morgan Stanley Interns Amid Declining Crypto Interest
Main Idea
Cryptocurrency ownership among Morgan Stanley EU interns has declined sharply from 2022 to 2024, with Bitcoin dropping from 63% to 12%, while XRP ownership increased from 0% to 5%, attributed to regulatory progress and market momentum.
Key Points
1. Bitcoin ownership among Morgan Stanley EU interns fell from 63% in 2022 to 12% in 2024, indicating waning interest or confidence.
2. XRP ownership rose from 0% in 2022 to 5% in 2024, driven by regulatory clarity and a strong market rally in late 2024.
3. Other cryptocurrencies like Cardano also saw significant declines, dropping from 27% to 3% ownership among interns.
4. Austin Campbell highlights a growing talent gap in banking, as crypto-savvy interns increasingly avoid traditional banks, potentially slowing institutional crypto adoption.
5. The reluctance of young professionals to join banks for crypto careers may hinder the banking industry's ability to compete in the digital asset era.
Description
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