‘We Are Still Early’: Morgan Stanley’s Intern Survey Reveals as Crypto Interest Lags Behind AI & Robots

North Korea-linked hackers stole 17b in 2022
Logo

Markets

Share this article

By Omkar Godbole, AI Boost|Edited by Aoyon Ashraf

Aug 24, 2025, 2:43 p.m.

Crypto adoption is still in early stages, Morgan Stanley's survey shows. (RuslanSikunov/Pixabay)
  • Bitcoin’s price has surpassed $100,000, yet only 18% of surveyed interns own or use cryptocurrencies, indicating early-stage adoption.
  • Despite the rise in digital asset interest, 55% of interns remain uninterested, even as BTC ETFs have amassed $53.7 billion.
  • The AI technology is widely adopted among interns, with 96% in the U.S. and 91% in Europe using it, though accuracy improvements are needed.

The phrase “we are still early” remains a popular sentiment in the crypto community in 2025, suggesting that despite bitcoin’s (BTC) price surpassing $100,000, the overall adoption of digital assets is still in its infancy.

Morgan Stalney’s recent survey of financial professionals confirms this sentiment. The investment banking giant surveyed more than 500 summer interns in North America from June 10 to 27, and 147 summer interns in Europe from June 26 to July 7.

STORY CONTINUES BELOW

Don’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today.See all newslettersBy signing up, you will receive emails about CoinDesk products and you agree to ourterms of useandprivacy policy.

The survey revealed that only 18% of interns own or use cryptocurrencies, increasing from 13% the previous year. Meanwhile, the percentage of interns interested in digital assets has risen to 26% from 23%. Meanwhile, 55% still do not care for digital assets, a majority, although the number has receded from 63% last year.

The widespread lack of interest appears significant, especially considering that BTC has already gained acceptance on Wall Street through the introduction of ETFs.

The 11 spot BTC ETFs have amassed $53.7 billion in investor wealth since their debut in January last year, according to data source Farside Investors. Ether ETFs have registered an inflow of $12.4 billion. Corporations are rapidly adding both assets to their balance sheets.

BTC’s price has surpassed $100,000 this year, gaining a foothold in institutional investor portfolios. Ether hit a record high of over $4,800 on Friday.

Morgan Stanley's AI intern explainer video. (Morgan Stanley)

The survey revealed a clear adoption of artificial intelligence (AI) by future finance industry leaders, with 96% of U.S. interns and 91% of their European counterparts reporting the use of technology at least occasionally.

The consensus is that AI is effective, with nearly all respondents agreeing they “save me time” and are “easy to use”. However, 88% of interns also had a nuanced view, believing the technology still “needs accuracy improvement.”

The widespread adoption is consistent with the sentiment on Wall Street, where the Mag 7 firms are expected to spend $650 billion in capital expenditures and research and development this year.

The survey revealed that most interns are interested in owning humanoids, or sophisticated machines designed with a human-like form and capabilities, but are cautious about their impact on society.

Over 60% of U.S. interns and 69% of European interns expressed interest in having a humanoid at home, with both regions believing the robots will have “viable use cases” and replace many human jobs.

Still, only 36% of U.S. interns and 24% of Europeans agreed that humanoids will have a positive impact on society.

Morgan Stanley estimates that the humanoid market could surpass $5 trillion by 2050, including sales from supply chains and networks for repair, maintenance and support.

“Although humanoids are still under development, there could be more than 1 billion by 2050, with 90% used for industrial and commercial purposes,” the investment banking giant said in a report in May.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

Omkar Godbole is a Co-Managing Editor and analyst on CoinDesk’s Markets team. He has been covering crypto options and futures, as well as macro and cross-asset activity, since 2019, leveraging his prior experience in directional and non-directional derivative strategies at brokerage firms. His extensive background also encompasses the FX markets, having served as a fundamental analyst at currency and commodities desks for Mumbai-based brokerages and FXStreet. Omkar holds small amounts of bitcoin, ether, BitTorrent, tron and dot.

Omkar holds a Master’s degree in Finance and a Chartered Market Technician (CMT) designation.

CoinDesk News Image

“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy.

CoinDesk Bot

More For You

By Siamak Masnavi, AI Boost|Edited by Aoyon Ashraf

5 hours ago

Powell’s Jackson Hole speech showed how the Fed is weighing inflation against jobs. That balance could shape policy in the fourth quarter of 2025 and beyond.

What to know:

  • Powell warned tariffs and tighter immigration are reshaping supply and labor dynamics, complicating inflation control.
  • His Jackson Hole speech stressed a fragile balance between rising price risks and slowing job growth.
  • Rate cuts may stay cautious through the fourth quarter of 2025, but a Trump-appointed successor in 2026 could tilt policy looser, with major implications for crypto, stocks and Treasurys.

 

Leave a Reply

Your email address will not be published. Required fields are marked *