Bitcoin: Asset class in offing?

Bitcoin: Asset class in offing?

Analysts at Morgan Stanley recently said that with the large decline in the dollar, deeply negative real yields and continued policy uncertainty, investors have been looking for alternatives to traditional cash holdings. Innovation in digital assets continues rapidly and will likely drive increased institutional participation over time.When we look at asset classes, we are essentially identifying investment assets that include both tangible and intangible instruments for investors to buy and sell for the purpose of generating additional income. With bitcoin, its price movement and ability to store value will appeal to investors as an investment that can maximise their wealth, informs Bobby Ong, co-founder & coo, CoinGecko.“When institutional investors such as Microstrategy made bitcoin their primary treasury reserve asset and invested over $1 billion last year, there will be many who consider this a sign that bitcoin is being recognised as an asset class. Whether more traditional investors will start realising its potential, yes, I believe that over time they will.”Similar to Microstrategy, there other large public listed companies deploying substantial capital such as Square. The mobile payment company invested $50 million in bitcoin last year. Other than that banks starting to dabble in bitcoin. For context, Singapore's DBS bank