Analysts bashed Bitcoin despite JPMorgan co-president Daniel Pinto claiming that Bitcoin adoption is inevitable at some point.
Powered by WPeMatico
Auto Added by WPeMatico
Analysts bashed Bitcoin despite JPMorgan co-president Daniel Pinto claiming that Bitcoin adoption is inevitable at some point.
Powered by WPeMatico
The price of Bitcoin is beginning to recover after news broke that Morgan Stanley’s investment arm is considering buying BTC.
Powered by WPeMatico
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.”
Powered by WPeMatico
While the crypto community expects more large firms to emulate Tesla’s Bitcoin purchase, JPMorgan’s strategists don’t think it will happen.
Powered by WPeMatico
Crypto might not be a great hedge in the strict traditional sense, but it can guard investors against policy and currency risks.
Powered by WPeMatico
Research from Tyr Capital Arbitrage SP refutes JPMorgan’s claim that a Bitcoin ETF holds negative connotations for the BTC price.
Powered by WPeMatico
Powered by WPeMatico
Even though Bitcoin has struggled to reclaim its recent high of $42,000, projections of BTC reaching $100,000 still seem achievable to some.
Powered by WPeMatico
Strategists at the Wall Street megabank disagree with their colleagues view that Bitcoin is becoming digital gold.
Powered by WPeMatico