Morgan Stanley is set to broaden access to cryptocurrency investments for all clients starting October 15, allowing investments in any account type, including retirement accounts. Previously, only clients with at least $1.5 million in assets and an aggressive risk tolerance could invest in crypto. The firm will implement an automated monitoring process to ensure clients do not become overly concentrated in this volatile asset class. This decision follows a shift in the U.S. government's stance on cryptocurrencies and comes as Morgan Stanley aims to maintain its competitive edge against platforms like Coinbase and Robinhood. The bank's global investment committee has recommended a maximum initial allocation of 4% to crypto, viewing it as a speculative asset class. Currently, advisors can only pitch bitcoin funds from BlackRock and Fidelity, but the firm is exploring additional offerings.