Tags : JPMorgan

Regulation

JPMorgan slams Bitcoin (BTC) use case in El Salvador

The debate about the ramifications of El Salvador President Nayib Bukele’s successful push to make Bitcoin (BTC) legal tender continues as the US investment bank and financial services holding company JPMorgan Chase & Co. (JPM) warns about the potential risks involved in the country’s crypto adoption. According to Bloomberg, JPM’s experts released a report last week, […]Read More

Cryptocurrency

JPMorgan is bullish on crypto staking ahead of ETH 2.0

Analysts at US bank JPMorgan foresee staking to become a multi-billion market as environmental concerns come into play for top cryptos like Bitcoin, they wrote in a recent report to clients. The team, however, pointed out Ethereum’s upcoming ETH 2.0, the shift to a proof-of-stake consensus design (away from the current proof-of-work design), would jumpstart […]Read More

Bitcoin

JPMorgan says Bitcoin may dump to $25,000, cites Grayscale’s GBTC

JPMorgan analysts say the upcoming ‘unlock’ of a popular Bitcoin fund could cause further selling of spot BTC, driving the prices of the world’s largest cryptocurrency by market cap to as low as $25,000. “While weak flows and price dynamics resulting from last month’s selloff fueled Bitcoin’s recent declines, possible sales of shares in the […]Read More

Bitcoin

JPMorgan says Bitcoin’s true value is $35,000 amid price crash

JPMorgan research analysts have said that institutional investors are swapping Bitcoin for gold for the first time in six months. This is after crypto, including Bitcoin, took a major tumble dropping to lows just above $30,000. Earlier this year, JPMorgan analysts updated a Bitcoin price target to $130,000. According to Business Insider, they said that […]Read More

Bitcoin

JPMorgan says investors fleeing to gold after Bitcoin dipped to

News › Bitcoin › U.S. › Investments Bitcoin’s extreme volatility and crazy price swing might’ve pushed institutional investors back into the safety of gold, said JPMorgan’s research note. Liam Frost · May 20, 2021 at 7:56 am UTC · 2 min read Institutional investors are turning away from Bitcoin amid the latest massive sell-off on […]Read More

Bitcoin

JPMorgan adjusts its long-term Bitcoin price target to $130,000

Analysts at American investment bank JPMorgan Chase & Co have updated their long-term Bitcoin (BTC) price expectations to $130,000, according to a note cited by Business Insider yesterday. Per the note, Bitcoin has become much more attractive to institutional investors over the past few weeks thanks to a decrease in its volatility. Previously, regular massive […]Read More

Market

Bitcoin’s Price Volatility May Hamper Its Progress Above $50K, JPMorgan

Bitcoin’s price volatility needs to subside for the cryptocurrency to continue its stellar rally, according to analysts at investment banking giant JPMorgan. In a note on Tuesday reported by Reuters, the analysts drew attention to bitcoin‘s high volatility relative to gold, the classic inflation hedge, as an obstacle to significant gains beyond current levels around […]Read More

Bitcoin

JPMorgan co-president admits the demand for Bitcoin will come at

In a conversation with CNBC about Bitcoin, JPMorgan co-president Daniel Pinto said the demand for Bitcoin will come at “some point.” Albeit the message seems ostensibly optimistic, Pinto is implying that the demand for Bitcoin isn’t here just yet. What kind of demand for Bitcoin would be sufficient? The price of Bitcoin has increased by […]Read More