Strategy CEO: If J.P. Morgan allocates 2% of its asset management scale to BTC, it would bring a huge buying pressure to the market

BlockBeats News, March 21, Strategy CEO Phong Le posted on X Platform stating that Morgan Stanley's wealth management business has approximately $8 trillion in assets under management, and its recommended Bitcoin allocation range is 0–4%. Based on a 2% allocation, this would potentially bring about $1.6 trillion in buying power to the crypto market, tripling the size of the existing BlackRock Bitcoin Exchange-Traded Fund IBIT.

Phong Le described this potential demand as "Monster Bitcoin," indicating a massive influx of demand into the Bitcoin market that could significantly impact price and liquidity.