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Seeking Alpha 2021-04-17 16:53:25

Goldman, Morgan Stanley signal plans for crypto ‘disruption’: Alpha Tactics

It was a wild week for cryptocurrencies, with the direct listing of Coinbase (COIN) at the epicenter.COIN finished its first day of trading up 30%, but down from an intraday high of about $425. It finished the week at $341.64.HSBC is barring customers from buying Coinbase, but Cathie Wood’s ARK Invest snapped up shares for three funds, including the flagship ARK Innovation ETF (ARKK). Turkey banned crypto payments and Dogecoin (DOGE-USD) went ballistic.Bitcoin (BTC-USD) set an all-time near $64,000 and settled the week shy of $62,000. It’s up 100% this year and is up more than 430% in the last six months. In the latest BofA fund managers survey, 74% of respondents think Bitcoin is in bubble, compared with just 7% who think the same of equities.UBS (UBS) came out with a note Friday downplaying the opportunities in crypto, saying it may tempt serious investors, but it is still a

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