jpmorgan cryptocurrency – DIGIT INFO

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: 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 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 Predicts Long-Term Bitcoin Price of $150K — Outlines Challenges Ahead

DIGIT — Fri, 11 Feb 2022 00:30:26 +0000

Global investment bank JPMorgan has predicted that the long-term price of bitcoin will reach $150K while the fair value of the cryptocurrency sits at $38K. “The biggest challenge for bitcoin going forward is its volatility and the boom and bust cycles that hinder further institutional adoption,” JPMorgan’s analysts explained. JPMorgan’s Bitcoin Price Prediction Global investment […]

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JPMorgan Client Survey: Majority Expect Bitcoin Price to Reach $60K or More This Year

DIGIT — Sat, 15 Jan 2022 02:30:09 +0000

Global investment bank JPMorgan has asked its clients what they think the price of bitcoin will be by year-end. Among the bank’s clients who responded, 55% expect the price of bitcoin to end the year at $60K or higher. What JPMorgan’s Clients Expect the Price of Bitcoin to Be by Year-End JPMorgan has conducted a […]

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JPMorgan Doubles Down on Bitcoin Price Prediction of $146K

DIGIT — Mon, 08 Nov 2021 03:19:49 +0000

Global investment bank JPMorgan has doubled down on its bitcoin price prediction of $146K. The bank’s analyst explained that the price of the cryptocurrency could reach that level if its volatility subsides and institutional investors start investing in bitcoin more than gold in their portfolios. JPMorgan Renews $146K Bitcoin Price Prediction JPMorgan released an inaugural […]

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JPMorgan Quietly Offers 6 Crypto Investments Despite CEO Jamie Dimon’s Anti-Bitcoin Stance

DIGIT — Fri, 06 Aug 2021 14:30:25 +0000

Global investment bank JPMorgan is now offering six cryptocurrency investment funds to clients despite its CEO, Jamie Dimon, continually advising against investing in bitcoin and other cryptocurrencies. JPMorgan Chase has quietly begun giving its wealth management clients access to six cryptocurrency investment funds, CNBC reported Thursday, citing people with knowledge of the move. On Thursday, […]

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JP Morgan Launching Crypto Investment Product Tracking Public Company Stocks With Bitcoin Exposure

DIGIT — Wed, 10 Mar 2021 16:30:22 +0000

JP Morgan is launching a structured investment product based on the performance of its “Cryptocurrency Exposure Basket,” which tracks stocks of publicly traded companies with exposure to cryptocurrencies. The weight of each stock is “determined based in part on exposure to bitcoin, correlation to bitcoin and liquidity,” according to the company’s filing with the U.S. […]

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JPMorgan Says Investors Can Put 1% of Their Portfolios in Bitcoin Despite Calling It a Poor Hedge

DIGIT — Sun, 28 Feb 2021 02:30:48 +0000

After saying that cryptocurrencies “rank as the poorest hedge for major drawdowns in equities, with questionable diversification benefits,” JPMorgan says investors can put 1% of their portfolios in cryptocurrencies. This can help “achieve any efficiency gain in the overall risk-adjusted returns of the portfolio,” the firm’s strategists explained. Investors Can Allocate 1% of Portfolios to […]

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