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JPMorgan co-president Daniel Pinto said that the current demand “isn’t there yet” for the firm to get into Bitcoin, but he is sure that “it will be at some point.” Go to Source Powered by WPeMatico
While the OCC’s new stablecoin guidance doesn’t have an impact on JPM Coin, it could lead to crypto payments if there’s demand Go to Source Powered by WPeMatico
Fund Manager and founder of Miller Value Partners, Bill Miller says holding bitcoin is better than holding cash because the digital asset is immune to the bad policies of the U.S. Federal Reserve. Writing in the 2020 Q4 Market Letter, Miller explains that some companies are already converting to bitcoin in order to avoid incurring … Read more
Bitcoin outperforms JPMorgan in terms of market capitalization shortly after the firm’s CEO said Bitcoin “is not my cup of tea.” Go to Source Powered by WPeMatico
The number of millionaires wanting to buy cryptocurrencies is on the rise, with a new survey indicating that 73% want to own digital assets before the end of 2022. Go to Source Powered by WPeMatico
JP Morgan says bitcoin’s 2020 surge is set to continue as the digital cryptocurrency competes better against gold as an alternative currency. In a note, the financial institution says that with millennials set to become a more important market participant in the coming years, their preference for bitcoin to gold sets up the crypto for … Read more
JPMorgan’s strategists have reportedly found bitcoin’s market structure to be more resilient than those of currencies, equities, Treasuries, and gold. In a new report on bitcoin’s stress test, JPMorgan wrote that cryptocurrencies have “longevity as an asset class.” In a new report entitled “Cryptocurrency takes its first stress test: Digital gold, pyrite, or something in … Read more
U.S. real estate agents and lenders are bracing for the biggest housing crash in over a decade. Since the coronavirus spread and the American government shut down the nation’s economy, Freddie Mac’s quarterly real estate report is grim and says the U.S. housing market faces considerable challenges “amid economic uncertainty.” Further, the NHB Wells Fargo … Read more
Big banks are predicting a major recession, the deepest one in the post-war era. JPMorgan Chase CEO Jamie Dimon said his bank cannot be immune to the resulting financial stress while Bank of America expects the U.S. economy to “collapse” and Deutsche Bank has forecasted a severe global recession. Also read: IMF Declares Global Recession, … Read more
JPMorgan Chairman and CEO Jamie Dimon predicts a major recession on par with the Great Recession of 2008 Go to Source Powered by WPeMatico