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Morgan Stanley's head of digital assets has said that Bitcoin hitting $1 million would not be surprising, while framing the conditions for a genuine breakout in stark terms: a crisis severe enough to shatter the existing financial system.
The comments push well beyond typical institutional price commentary, tying a seven-figure $BTC price not to adoption curves or ETF inflows but to macro rupture.
What the Morgan Stanley Executive Actually Said The digital asset chief stopped short of calling a $1 million price target a base case, but declined to rule it out.
The more notable framing was the second clause: that a true breakout — as distinct from a cyclical bull run — may require a crisis that dismantles the old system rather than merely stresses it.
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