Gupta noted that future growth may depend more on large financial channels than on early retail demand. He pointed to pensions, wealth platforms, sovereign reserves, and institutional allocation as possible factors for broader market participation. This shift is already evident in Morgan Stanley's crypto activity. In April, Morgan Stanley Investment Management launched the Morgan Stanley Bitcoin Trust. The company described it as the first cryptocurrency exchange-traded product offered by an asset manager affiliated with a U.S. bank. Morgan Stanley also moved closer to direct access to cryptocurrency through E*TRADE. Initially, the company planned to offer cryptocurrency trading through a partnership with Zerohash, providing clients access to Bitcoin, Ether, and Solana. These events demonstrate how digital assets are entering mainstream investment channels. However, the report emphasizes that high historical returns do not eliminate the risk of sharp declines. #BitcoinFallsBelow80K