Important NFT and Metaverse Warning from World Giant Bank to Crypto Money Investors

 

 

 

 

Morgan Stanley, one of the largest investment banks in the world, issued an important warning to crypto money investors. Stanley also shared important details about the collapse of the UST. 

 

After the Terra (LUNA) and UST incidents , which seriously damaged the trust in crypto money and blockchain , investors changed their comments on the cryptocurrency markets. Today, a negative statement came from Morgan Stanley, one of the world's largest investment banks.

Publishing its new research report, Morgan Stanley touched on the serious losses from decentralized finance, NFTs and stablecoins . Bank analysts emphasized in the report that the 40% drop in Bitcoin since April should no longer be associated with stock markets. The analysts' statement was as follows:

 

 

"Decentralized finance seriously harms"

“Exaggerated and allegedly high-yielding decentralized finance and cryptocurrency-backed stablecoins are currently seriously hurting the masses of people . This shows us that the high prices are actually generated by significant speculation and that actual user demand is very limited.”

The report also touched on metaverse lands and NFTs, explaining that the reason for investing in such assets is ' the belief that they will be sold to other people at a higher price '. Analysts also referred to the recent IHR collapse and made the following statements:

“Crypto-backed stablecoins have become an important part of the high-yielding system built within decentralized finance. The latest event, on the other hand, led to an increase in market uncertainty and instability. People are starting to reassess what level crypto prices should actually be trading at.”

Stanley also shared that bank customers also asked whether the UST event would reflect on the financial markets.