{"id":12505,"date":"2021-09-25T02:54:10","date_gmt":"2021-09-25T02:54:10","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/morgan-stanleys-executive-likens-bitcoins-resilience-to-kenny-who-dies-in-every-south-park-episode\/"},"modified":"2021-09-25T02:54:10","modified_gmt":"2021-09-25T02:54:10","slug":"morgan-stanleys-executive-likens-bitcoins-resilience-to-kenny-who-dies-in-every-south-park-episode","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/morgan-stanleys-executive-likens-bitcoins-resilience-to-kenny-who-dies-in-every-south-park-episode\/","title":{"rendered":"Morgan Stanley\u2019s Executive Likens Bitcoin\u2019s Resilience to Kenny Who Dies in Every South Park Episode"},"content":{"rendered":"

Morgan Stanley Investment Management\u2019s Dennis Lynch, says that bitcoin\u2019s resilience is like Kenny from the popular TV series South Park. In almost every episode, Kenny comically died but always came back, just like how bitcoin bounces back every time after a bear market.<\/strong><\/p>\n

Bitcoin Is Similar to Kenny in South Park, Says Morgan Stanley\u2019s Executive<\/h2>\n

Morgan Stanley\u2019s Dennis Lynch talked about bitcoin\u2019s resilience at Morningstar\u2019s annual investment conference Thursday. Lynch is head of the Counterpoint Global team at Morgan Stanley Investment Management, the bank\u2019s asset management arm. He joined Morgan Stanley in 1998 and has 27 years of investment experience. The Morgan Stanley Counterpoint Global team \u201cinvests primarily in established and emerging companies globally,\u201d the firm\u2019s website describes.<\/p>\n

Lynch compared the cryptocurrency\u2019s ability to recover and bounce back from bear markets and massive sell-offs to Kenny, a character from the popular TV cartoon series South Park, stating:<\/p>\n

I like to say that bitcoin\u2019s kind of like Kenny from South Park \u2014 he dies every episode, and is back again.<\/p>\n

The South Park show follows the stories of four boys: Stan Marsh, Kyle Broflovski, Eric Cartman, and Kenny McCormick. During the show\u2019s first five seasons, Kenny died in nearly every episode before returning in the next with little-to-no definitive explanation given.<\/p>\n

The Morgan Stanley executive said that like Kenny of the Comedy Central franchise, bitcoin just keeps coming back.<\/p>\n

According to \u201cBitcoin Obituaries<\/a>\u201d by 99 Bitcoin, BTC<\/a> has died 430 times, including 37 times so far this year. By comparison, the cryptocurrency only died 14 times in 2020 and 41 times in 2019.<\/p>\n

Lynch added that bitcoin \u201cdemonstrates some \u2018anti-fragile\u2019 qualities,\u201d elaborating:<\/p>\n

It kind of sits in the portfolio in a small manner, that it possibly is something that can go right when the rest of our portfolios having something go wrong \u2026 Ten years from now, given bitcoin\u2019s persistence, is worth a small speculation.<\/p>\n

The executive said he can envision bitcoin \u201cbenefiting from different environments, whether people look at it as a digital gold, or people start to really question fiat currency, given all the stimulus and the policy there,\u201d citing the Fed\u2019s \u201caccommodating\u201d policies and the low-rate environment.<\/p>\n

Morgan Stanley was among the first major banks to embrace bitcoin. The firm made bitcoin funds available to clients<\/a> back in March and added bitcoin to 12 mutual funds<\/a>\u2018 investment strategies the following month. In addition, the global investment bank recently launched a dedicated cryptocurrency research team<\/a>.<\/p>\n

What do you think about comparing bitcoin to Kenny from South Park? Let us know in the comments section below.<\/strong><\/em><\/p>\n

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Morgan Stanley Investment Management\u2019s Dennis Lynch, says that bitcoin\u2019s resilience is like Kenny from the popular TV series South Park. In almost every episode, Kenny comically died but always came back, just like how bitcoin bounces back every time after a bear market. Bitcoin Is Similar to Kenny in South Park, Says Morgan Stanley\u2019s Executive…<\/p>\n","protected":false},"author":0,"featured_media":12506,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-12505","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/12505"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=12505"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/12505\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/12506"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=12505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=12505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=12505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}