The combination of Morgan Stanley crypto trading plans alongside Charles Schwab cryptocurrency services creates an upsurge and Bitcoin hits 97K while showcasing institutional crypto adoption even when multiple crypto investment risks persist.

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Bitcoin Hits 97K As Wall Street Enters Crypto Despite Risks

itcoin hits 97K briefly on Thursday, and at the time of writing, major Wall Street giants are moving toward offering cryptocurrency services to their clients. This price surge comes as institutional crypto adoption continues to grow, with Morgan Stanley crypto trading options and also Charles Schwab cryptocurrency services being planned for the near future.

Morgan Stanley Plans Crypto Trading

Morgan Stanley crypto trading options will soon be available to E*Trade clients, according to a recent report from Bloomberg. Bitcoin hits 97K partly due to this development, as retail investors could possibly gain direct access through their existing brokerage accounts.

Charles Schwab CEO Rick Wurster stated:

“Crypto investing carries meaningful risks, notably extreme price volatility, which makes it challenging for investors to determine appropriate allocation strategies.”

Charles Schwab’s Entry Timeline

Charles Schwab cryptocurrency services will likely launch within a year or so, pending some regulatory clarity. This continued institutional crypto adoption represents a significant shift in the market despite the ongoing crypto investment risks that many experts keep pointing out.

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Bitcoin’s Price Movement

Bitcoin hits 97K before retreating somewhat to around $96,000 at the time of this report. Strategy, an investment firm, reported holding about 553,555 BTC purchased at an average price of approximately $68,459 per coin. The company actually achieved a 13.7% BTC yield in Q1 despite some market downturns and challenges..

Charles Schwab CEO Rick Wurster had this to say:

“[We] will kick off once crypto regulations are properly set.”

Market Outlook

The progression of Morgan Stanley crypto trading plans coupled with Charles Schwab cryptocurrency development brings more institutions into crypto adoption spaces while crypto market risks remain clear to investors. Digital currencies are becoming increasingly accepted by regular people as seen through the slow progression towards reaching the $100,000 milestone.

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