James Gorman from Morgan Stanley dismisses Facebook Libra

The crypto markets have witnessed steep rises and sharp falls, and Bitcoin has been the talk of the town off late, stealing all of the financial spotlights. With the market condition that we’re currently witnessing, analysts are divided as to how where to place their predictions of Bitcoin’s financial dominance. While some are willing to throw their full support on the blooming currency, others bet against its widely predicted future dominance. James Gorman, the head of esteemed investment banking firm Morgan Stanley, laid out his thoughts on the current predicament of the financial markets, including Facebook’s upcoming Libra coin. Gorman