Morgan Stanley (NASDAQ:MSPQ) CEO Ted Pick sees the recent launches of presidential meme coins as a result of substantial liquidity in the cryptocurrency ecosystem.

What Happened: During a CNBC Squawk Box interview on Thursday, Pick was questioned about meme coins and digital currencies under the new Trump administration, including the recently launched Trump (CRYPTO: TRUMP) and Melania (CRYPTO: MELANIA) coins.

He acknowledged the substantial liquidity in these markets, stating, “Liquidity expresses itself in all kinds of different ways.”

On the broader topic, Pick commented, “The question is whether some of this has come of age, whether it's hit escape velocity.”

He added that time could turn perception into reality as the crypto space matures.

For Morgan Stanley, the focus lies in determining whether financial institutions can act as effective facilitators to “follow the money.”

Pick emphasized the need to collaborate with regulators, such as the Treasury Department, to simplify their approach to crypto transactions.

Also Read: Strategic Bitcoin Reserve Probability Up To 64% Despite Trump Silence On Crypto

Why It Matters: Morgan Stanley was a pioneer among major banks, offering Bitcoin funds to clients in 2021 and later leading the charge with Bitcoin ETFs.

At the World Economic Forum in Davos, several influential figures weighed in on cryptocurrency’s future.

Coinbase CEO Brian Armstrong argued that Bitcoin surpasses gold as a store of value for governments.

Armstrong also suggested that the Trump administration could herald a new era for crypto, likely starting with executive orders to establish clear regulatory frameworks.

Ray Dalio disclosed a “small” Bitcoin holding, emphasizing the need for alternative currencies while remaining skeptical of central bank adoption.

Read Next:

Ray Dalio Reveals ‘Little’ Bitcoin Holding, Highlights Need For Alternative Money, But Sees No Central Bank Adoption

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