Bitcoin is 'more than just a fad': Morgan Stanley CEO
US bank Morgan Stanley's CEO James Gorman has said that Bitcoin is "certainly something more than just a fad." He said, "It's (Bitcoin) obviously highly speculative but it's not something that's inherently bad. It's a natural consequence of the whole blockchain technology." Gorman said he doesn't think cryptocurrencies should be illegal, adding that their privacy features are compelling. 