Amy Oldenburg of Morgan Stanley said Bitcoin’s case as “digital gold” is “a pretty strong rationale,” while adding that she still wants to see Bitcoin trade more like gold and less like risk assets.
In a Bitcoin Magazine program summary, Oldenburg was described as discussing Bitcoin’s correlation with gold, as well as how stablecoins, quantum fears, AI, and inflation are weighing on demand. She also said she would not let one day, or one inflation print, define Bitcoin’s outlook.
Topics outlined in the program
According to the chapter markers published with the episode, the conversation covered:
- 0:00 — Stablecoins and USDT on Bitcoin
- 1:23 — Who’s buying Morgan Stanley’s spot Bitcoin ETF?
- 2:54 — Bitcoin as digital gold in client portfolios
- 4:11 — Moving self-custodied Bitcoin into ETF shares
- 5:33 — Borrowing against Bitcoin ETFs and spot Bitcoin
- 6:33 — Bitcoin’s correlation with gold and what is weighing on demand
- 8:52 — How Morgan Stanley is assessing quantum risk
- 9:55 — Why tokenization could transform every asset class
- 12:24 — Morgan Stanley’s Digital Asset Lab
- 15:42 — AI agents and the future of the agentic economy
Disclaimer and byline
The episode disclaimer said the views and opinions expressed are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or affiliated entities. It also said the content is for informational and educational purposes only and should not be treated as investment, legal, tax, or accounting advice. Nothing in the show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments.
The post first appeared on Bitcoin Magazine and was written by Patrick Green.