Morgan Stanley’s Dennis Lynch shared a playful analogy during a discussion at Morningstar’s annual investment conference, stating that Bitcoin’s insatiable ability to defy the odds and overcome both technical and fundamental adversity resembles that of the cartoon character from South Park, Kenny.

Chinese regulators join forces to fight cryptocurrencies
The 24-episode series has gained a worldwide audience for its weird and wacky sense of humor, personified by the old joke that Kenny dies in each episode, only to be reborn and gleefully unaware of his brutal disappearance in the next.

Lynch, director of the asset management company Counterpoint – a Morgan Stanley subsidiary – and a strong supporter of the program, expressed his conviction in the resilience of the main cryptoasset, Bitcoin, since its inception more than a decade ago.

After experiencing and surviving numerous recessions, Bitcoin has established itself as a modern payment method and a widely recognized and respected store of value in the mainstream market.

Large companies such as Microstrategy, Tesla and Galaxy Digital Holdings have publicly revealed that they have invested billions of dollars in this asset, the latter with a figure of 5.3 billion dollars.

In his Kenny-inspired speech, Lynch stated:

“I like to say that bitcoin is like Kenny from South Park: he dies every episode and reappears.”

Cointelegraph Markets technical data reveals that Bitcoin (BTC) has fallen 14.04% throughout the week in the wake of a new Chinese crackdown on cryptocurrencies.

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