Wall Street investment bank %MorganStanley (NYSE: $MS) says %Cryptocurrency adoption is still in its “early stage” despite the big run up in prices over the past year.
Morgan Stanley’s recent survey of financial professionals found that buying of %Bitcoin (CRYPTO: $BTC), %Ethereum (CRYPTO: $ETH), and other digital assets is still not widespread despite steady growth.
The investment bank surveyed more than 500 summer interns across North America from June 10 to 27, and 147 summer interns in Europe from June 26 to July 7.
The survey found that only 18% of interns own or use crypto, up from 13% in a 2024 survey but still not widespread among young traders and investors.
At the same time, the percentage of interns interested in crypto was found to be only 26%, up slightly from 23% a year earlier.
Perhaps most interesting, more than half (55%) of interns surveyed said they don’t care for digital assets such as crypto.
Morgan Stanley said the lack of interest in crypto is significant, especially as Bitcoin and Ethereum gain greater acceptance on Wall Street through exchange-traded fund (ETFs).
At the same time, the survey revealed a strong adoption of artificial intelligence (A.I.) technologies, with 96% of U.S. interns saying they use the technology on a regular basis.
The survey also revealed that most interns are interested in owning humanoid robots at some point but are cautious about their impact on society.
Morgan Stanley estimates that the humanoid robot market, when combined with A.I., could surpass $5 trillion U.S. by 2050.
The stock of Morgan Stanley has risen 19% this year to trade at $148.49 U.S. per share.
