State Bank of India joins JPMorgan’s blockchain payments network
A major government-owned bank, the State Bank of India, has become the first Indian bank to join JPMorgan’s blockchain network Liink. Go to Source Powered by WPeMatico
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You’ve got the power? Legacy banks aim high with new crypto offerings
Is the crypto custody market becoming too big for established banks to ignore? Go to Source Powered by WPeMatico
Crypto is ‘poorest hedge’ for drawdowns in equities, JPMorgan analysts say
Analysts bashed Bitcoin despite JPMorgan co-president Daniel Pinto claiming that Bitcoin adoption is inevitable at some point. Go to Source Powered by WPeMatico
Bitcoin price rebounds as Morgan Stanley reportedly considering buying BTC
The price of Bitcoin is beginning to recover after news broke that Morgan Stanley’s investment arm is considering buying BTC. Go to Source Powered by WPeMatico
JPMorgan will get into Bitcoin ‘at some point’, says co-president
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
Don’t expect large firms to follow Tesla’s Bitcoin move, JPMorgan says
While the crypto community expects more large firms to emulate Tesla’s Bitcoin purchase, JPMorgan’s strategists don’t think it will happen. Go to Source Powered by WPeMatico
Hedge or cyclical? Eternal debate on Bitcoin’s status sees a new twist
Crypto might not be a great hedge in the strict traditional sense, but it can guard investors against policy and currency risks. Go to Source Powered by WPeMatico
Crypto hedge fund refutes JPMorgan’s claim that Bitcoin ETF is short-term negative for BTC
Research from Tyr Capital Arbitrage SP refutes JPMorgan’s claim that a Bitcoin ETF holds negative connotations for the BTC price. Go to Source Powered by WPeMatico
JP Morgan Gives 3 Reasons to Add Bitcoin to Investment Portfolios
JP Morgan has outlined three key reasons why investors should add bitcoin to their investment portfolios. Small allocations to cryptocurrencies would “improve portfolio efficiency due to high returns and moderate correlations,” JPMorgan’s analyst explained. JP Morgan Sees Benefits of Hedging With Bitcoin JPMorgan released a report last week entitled “What cryptocurrencies have and haven’t done … Read more
Believing, not seeing: Institutions still predict $100K Bitcoin price
Even though Bitcoin has struggled to reclaim its recent high of $42,000, projections of BTC reaching $100,000 still seem achievable to some. Go to Source Powered by WPeMatico