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Morgan Stanley Interns Buy XRP and Ditch Ethereum (ETH)

Mon, 4/08/2025 - 18:20
XRP has bucked the trend among Morgan Stanley interns
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Morgan Stanley Interns Buy XRP and Ditch Ethereum (ETH)
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According to a Morgan Stanley Research survey, only 12% of the banking giant's EU interns now own Bitcoin. 

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https://x.com/matthew_sigel/status/1952371625078210689

For comparison, 63% of them held the largest cryptocurrency in 2022. 

There has been a massive drop-off in cryptocurrency ownership, with a whopping 82% of the total respondents claiming that they do not hold digital currencies at all (compared to 69% in 2024). 

Ethereum (ETH) has seen an even more stunning collapse (from 60% in 2022 to just 7% in 2025). 

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Cardano has witnessed a similar trend: the token went from 27% in 2022 to an infinitesimal 3% this year. 

XRP bucks the trend 

Still, XRP, which is currently the third-biggest token by market capitalization, has managed to buck the broader trend of young Morgan Stanley professionals souring from crypto. 

The Ripple-affiliated token went from 0% to 5% in 2025, almost catching up with Ethereum (ETH). It is now a more popular option compared to Cardano (ADA). 

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This growth can most likely be attributed to XRP enjoying greater regulatory clarity, as well as the enormous rally in the fourth quarter of 2024 that grabbed tons of headlines. 

A talent problem?

Austin Campbell, managing partner and founder of Zero Knowledge Consulting, argues that the banking sector has a talent problem. 

Campbell, who previously worked at JPMorgan and Citibank, claims that 

Interns who care about crypto and technology just "don't go to a bank at all now." 

"But what is happening is young people hate banks, and the banks are increasingly out of touch with what is going on, moving from 1 generation to 2 generations to 3 generations behind on their understanding of technology," Campbell said. 

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