Morgan Stanley's Dennis Lynch shared a light-hearted analogy during a discussion at Morningstar'due south yearly investment conference today, claiming that Bitcoin's insatiable ability to defy the odds and ascension from both technical and fundamental arduousness portrays that of the South Park cartoon grapheme Kenny.

The 24-series show has garnered a global audience base for its weird and wacky humor, epitomised past the long-standing gag that Kenny dies in each episode, just to be rebirthed and gleefully unaware of his cruel demise in the post-obit show.

Head of asset management firm Counterpoint, a Morgan Stanley subsidiary — and a keen abet of the testify — Lynch expressed his belief in the resilience of leading cryptocurrency nugget Bitcoin since its inception over a decade ago.

Subsequently experiencing and surviving numerous bearish cycles, Bitcoin has established itself as a widely recognised and respected modernistic payment method and store of value in the mainstream market.

Major corporations such every bit Microstrategy, Tesla, and Galaxy Digital Holdings have all publicly revealed billion-dollar investments in the asset, the latter now reporting an immense $5.three billion.

In his Kenny-inspired speech, Lynch stated:

"I like to say that bitcoin's kind of similar Kenny from South Park — he dies every episode, and is back again."

Technical data from Cointelegraph Markets reveals that Bitcoin (BTC) has fallen 14.04% across the week in the wake of nevertheless another Chinese crackdown on cryptos.

The People's Bank of China, or PBoC, this calendar week announced a fresh strategy to combat cryptocurrency adoption in the country. Legal and governmental departments will strive to improve their coordination and communication practices to suppress crypto-related activities effectively.

Notwithstanding, according to Lynch, Bitcoin already possesses some of the aforementioned antifragile traits — witnessed in the monopoly of big-tech firms, burgeoning political establishment, majuscule-hungry Wall Street financial markets and the self-rejuvenating Greek mythological monster Hydra — to counter this.

"I think (bitcoin) demonstrates some 'antifragile' qualities during this menses of time."

The term antifragile was coined by esteemed writer Nassim Nicholas Taleb in his 2022 volume, Antifragile, to express the definition for the opposite of fragility, as in something that gains from disorder.

In the book, Taleb wrote:

​​"Antifragility is beyond resilience or robustness. The resilient resists shocks and stays the same; the antifragile gets amend."

A well-documented example of this was Bitcoin's previous all-time high of $20,000, a seemingly insurmountable figure during the harsh behave market of 2022–2019 — and especially following the pandemic'south financial crash to $4K — merely a level that ane year on was more than tripled with $65,000.