Morgan Stanley Amy Oldenburg: The logic of Bitcoin as digital gold is established, and the technology correlation needs to be reduced

Amy Oldenburg, the head of digital asset-related business at Morgan Stanley, stated in a video interview with Bitcoin Magazine that the investment logic of Bitcoin as "digital gold" is "quite sound," but she hopes to see Bitcoin's trading performance align more closely with gold rather than being highly correlated with technology-related risk assets. She mentioned that factors such as the correlation between Bitcoin and gold, demand for stablecoins, concerns about quantum computing, artificial intelligence, and inflation are all influencing the market's demand for Bitcoin.

She also stated that she would not define Bitcoin's prospects based on a single day's market performance or a specific inflation data point. The interview also covered topics such as the application of stablecoins and USDT on the Bitcoin network, the client composition of Morgan Stanley's spot Bitcoin ETF, the pathway for clients to transfer self-held Bitcoin into ETF shares, and borrowing against Bitcoin ETFs and spot Bitcoin as collateral.

In addition, Oldenburg introduced how Morgan Stanley assesses quantum risks and discussed how asset tokenization could change various asset classes, as well as the role of Morgan Stanley's Digital Asset Lab and AI agents in the future "agent economy."