jpmorgan bitcoin – DIGIT INFO

Over 50% of US hedge funds have exposure to Bitcoin as BTC crushes stocks in 2024

DIGIT — Tue, 02 Jul 2024 16:46:11 +0000

Millennium Management, holding 27,263 BTC worth $1.69 billion, has allocated about 2.5% of its $67.7 billion in total assets under management to Bitcoin.

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JPMorgan: Bitcoin Still Overbought Despite Price Drop

DIGIT — Sun, 24 Mar 2024 23:30:28 +0000

Global investment bank JPMorgan has cautioned that bitcoin is still overbought despite the crypto’s recent price decline. JPMorgan’s analysts expect continued selling pressure on bitcoin as the halving approaches, “particularly against a positioning backdrop that still looks overbought despite the past week’s correction.” JPMorgan: ‘Bitcoin Remains in Overbought Territory’ JPMorgan’s analysts, led by global strategist […]

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BlackRock revises spot Bitcoin ETF to enable easier access for banks

DIGIT — Wed, 13 Dec 2023 00:10:48 +0000

BlackRock said the new ETF model offers “superior resistance” to market manipulation — something the SEC has long used as a reason to reject spot Bitcoin ETFs.

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JPMorgan: 72% of Institutional Traders Surveyed ‘Have No Plans to Trade Crypto’

DIGIT — Sun, 05 Feb 2023 23:00:46 +0000

A new survey by JPMorgan Chase shows that 72% of institutional traders “have no plans to trade crypto” while 14% plan to trade cryptocurrencies within five years. Institutional traders also expect “recession risk” to have the biggest impact on markets in 2023. JPMorgan’s Institutional Trader Survey Global investment bank JPMorgan Chase published the results of […]

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JPMorgan CEO Jamie Dimon Calls Bitcoin ‘Hyped-up Fraud’ — Expects Satoshi Nakamoto to Increase BTC Supply Cap

DIGIT — Sat, 21 Jan 2023 01:30:04 +0000

JPMorgan Chase CEO Jamie Dimon calls bitcoin “a hyped-up fraud.” The executive questioned the cryptocurrency’s supply cap, expecting a picture of bitcoin’s pseudonymous creator Satoshi Nakamoto to pop up and laugh at us all when bitcoin’s supply hits 21 million coins. JPMorgan’s CEO on Bitcoin and Its Supply Cap The CEO of global investment bank […]

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JPMorgan: Crypto Is a Nonexistent Asset Class for Most Large Institutional Investors

DIGIT — Sun, 25 Dec 2022 03:00:28 +0000

A strategist at global investment bank JPMorgan says crypto is effectively nonexistent as an asset class for most large institutional investors. “The volatility is too high, the lack of an intrinsic return that you can point to makes it very challenging,” he added. JPMorgan on Institutional Crypto Investing JPMorgan Asset Management’s head of institutional portfolio […]

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JPMorgan Advises Investors to Sell Crypto, Buy Value Stocks — Says the Fed Overestimates Strength of US Economy

DIGIT — Wed, 31 Aug 2022 00:30:56 +0000

The chief global strategist of JPMorgan Asset Management has advised investors to focus on valuations, invest in value stocks, sell crypto, and steer clear of bitcoin. “The Federal Reserve is overestimating the strength of the U.S. economy as it feels guilty about the fact that inflation went up under their watch,” he said. JPMorgan Strategist’s […]

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JPMorgan Foresees Increased Blockchain Use in Finance — Prepares to Offer Related Services

DIGIT — Fri, 27 May 2022 02:30:22 +0000

JPMorgan expects blockchain use in finance to increase as the crypto sector grows. The global investment bank says, “We want to make sure that we are able to not only support that but also be ready to provide related services.” JPMorgan’s Blockchain Plans JPMorgan Chase & Co foresees increased blockchain usage in traditional finance and […]

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JPMorgan Sees ‘Significant Upside’ to Bitcoin — Replaces Real Estate With Crypto as ‘Preferred Alternative Asset’

DIGIT — Thu, 26 May 2022 00:00:28 +0000

JPMorgan sees “significant upside” to the price of bitcoin. The global investment bank’s price target for the cryptocurrency is 28% above its current price. JPMorgan has also replaced real estate with cryptocurrencies as its “preferred alternative asset class along with hedge funds.” JPMorgan’s Bitcoin Price Target Is 28% Above Current Price Global investment bank JPMorgan […]

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JPMorgan Sees Limited Upside for Crypto Markets

DIGIT — Mon, 04 Apr 2022 00:30:04 +0000

JPMorgan Chase & Co. has warned that any upside for crypto markets from here would likely be more limited. Basing their prediction on the relationship between stablecoins and the rest of the crypto market, the bank’s analyst explained that stablecoins’ share of the total crypto market cap “no longer looks excessive.” JPMorgan’s Crypto Outlook Global […]

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