Morgan Stanley has updated its investment guidance and is now suggesting that some clients allocate a small slice of their portfolios to Bitcoin. If taken seriously, that shift could send as much as $40 to$80 billion into the crypto market. The bank is now referring to Bitcoin as a “scarce asset similar to digital gold” and is recommending allocations between 2 and 4 percent, depending on how much risk a client is willing to take on. What the Guidance Recommends The new guidance comes from Morgan Stanle ...