Best Crypto to Buy as JPMorgan Embraces Bitcoin and Bull Market Returns
Bitcoin just got a surprising nod – from Jamie Dimon of all people. That’s right, the CEO of JPMorgan, one of Bitcoin’s loudest critics over the years, now says his bank will allow clients to buy the cryptocurrency. While JPM won’t hold the coins itself, it’s still a huge symbolic shift. If the biggest Bitcoin […]
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JPMorgan’s chairman of investment strategy, Michael Cembalest, is wary of bitcoin and other cryptocurrencies. The JPMorgan strategist stated in a column published Feb. 3 that his comments were his own and not those of JPMorgan Chase. JPMorgan Strategist Raises Issues With Crypto Market While much of the United States recovers from last week’s terrible winter […]
JPMorgan Chase has released an investor note stating that the cryptocurrency market appears “to be beginning the process of healing.” In the short term, however, the JPMorgan analysts expect further sell-offs before capitulation. JPMorgan’s Crypto Market Outlook JPMorgan Chase’s analysts, including Josh Younger and Veronica Mejia Bustamante, wrote about the outlook of the cryptocurrency market in a note published Friday. They explained that the near-term outlook for the crypto market is “challenging,” noting that blockchain data suggests recent....
JPMorgan’s analysts have made a case that bitcoin’s price could reach $146,000 as the cryptocurrency’s competition with gold heats up. Meanwhile, the firm’s global strategist sees the current bitcoin bull run as being similar to the bull run of 2017. He warns of three risks that could affect bitcoin’s outlook for 2021. JPMorgan Sets Bitcoin’s Price Target at $146K JPMorgan published a report Monday on bitcoin’s valuation and future outlook. “We cannot exclude the possibility that the current speculative mania will propagate further, pushing....
JPMorgan unveiled a new financial product—a leveraged structured note linked directly to BlackRock’s iShares Bitcoin Trust (IBIT). This announcement comes after intense scrutiny of the bank for allegedly targeting Strategy (formerly MicroStrategy), the Bitcoin proxy firm headed by Michael Saylor. New IBIT-Linked Notes From JPMorgan According to the bank’s filing with the US Securities and […]
After a bleak weekend, the crypto market rallied Monday evening as JPMorgan Chase filed to trademark ‘JPMD’, which is suspected to stand for JPMorgan Chase Dollar and to be a stablecoin. Even if it prefers its own currencies. Wall Street’s grudging acceptance of digital assets has sent the crypto market back to the green. Even […]