JPMorgan says inflation concerns, not ETFs, driving Bitcoin price jump
JPMorgan strategists say that interest in the newly launching BITO Bitcoin ETF could cool after a week or so. Go to Source Powered by WPeMatico
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Blackrock CEO Agrees With JPMorgan Boss Jamie Dimon About Bitcoin, Sees ‘Huge Role for Digitized Currency’
The chief executive officer of the world’s largest asset manager, Blackrock, says he is “more on the Jamie Dimon camp” when asked whether he thinks bitcoin is worthless. However, the executive says he is fascinated by people’s interest in crypto and sees “a huge role for a digitized currency.” Blackrock’s CEO Sides With JPMorgan’s Jamie … Read more
Billionaires are backing Bitcoin over gold … but some say Ethereum is even better
“The reason I own Bitcoin is because the U.S. government and every government in the western hemisphere is printing money now to the end of time,” said Billionaire Barry Sternlicht. Go to Source Powered by WPeMatico
JPMorgan Boss Jamie Dimon Says Bitcoin Is Worthless, Questions BTC’s Limited Supply
The CEO of global investment bank JPMorgan, Jamie Dimon, says bitcoin is “worthless,” questioning whether the supply of bitcoin is actually limited. He also noted that blockchain and stablecoins can be real, emphasizing that governments are going to regulate the industry. Bitcoin Is Worthless and Supply May Not Be Capped, JPMorgan CEO Jamie Dimon Suggested … Read more
Bitcoin’s $100K price target returns as BTC price breaks out of bull pennant
The bullish analogy appears as Bitcoin reserves across all the crypto exchanges fall to their lowest in the previous 12 months, suggesting holding sentiment among traders. Go to Source Powered by WPeMatico
Institutions buying Bitcoin rather than gold as inflation cranks up: JPMorgan
According to JPMorgan this week’s rally has been driven by institutional investors hedging against inflation with Bitcoin. Go to Source Powered by WPeMatico
JPMorgan: Institutional Investors Dump Gold for Bitcoin Seeing It as Better Inflation Hedge
Global investment bank JPMorgan says institutional investors are returning to bitcoin, seeing the cryptocurrency as a better hedge than gold. The firm’s analysts describe three key drivers boosting the price of bitcoin in recent weeks, including assurances that U.S. policymakers will not ban cryptocurrencies. JPMorgan Sees Renewed Interest in Bitcoin JPMorgan published a research note … Read more
JPMorgan CEO: Bitcoin Has No Intrinsic Value, Regulators Will ‘Regulate the Hell out of It’
The CEO of global investment bank JPMorgan, Jamie Dimon, says that bitcoin has no intrinsic value and “regulators are going to regulate the hell out of it.” He emphasized: “If people are using it for tax avoidance and sex trafficking and ransomware, it’s going to be regulated, whether you like it or not.” JPMorgan’s Boss … Read more
JPMorgan Boss Jamie Dimon: ‘If You Borrow Money to Buy Bitcoin, You’re a Fool’
Jamie Dimon, the CEO of one of the biggest financial institutions of the world, JPMorgan, has once again let the world know about his stance on bitcoin and cryptocurrencies. Dimon stated that whoever borrowed money to purchase bitcoin was, in his opinion, a “fool.” However, his personal opinion has not clashed with the fact that … Read more
Big investors pivoting from Bitcoin to Ether futures: JPMorgan
Ether futures are currently trading at a premium as investors make the switch from Bitcoin-based products. Go to Source Powered by WPeMatico