JPMorgan Predicts Bitcoin Price Going Up To $146k

Bitcoin is one of the most valuable assets and commodities in the world. Currently, its value keeps fluctuating between $62,000 and $63,000. Also, it recently went up to an all-time high of $69,000. However, if you want to invest in Bitcoin, you have to know more than just the asset's price. Therefore, you have to conduct a market analysis and research key trends. This way, you should predict whether the most popular cryptocurrency will increase or decrease in value. Bitcoin…

Jamie Dimon Says Bitcoin Could 10X, But He Wouldn’t Care

Jamie Dimon, CEO of JPMorgan, recently gave an interview to discuss the state of the global economy. When asked about Bitcoin, he expresses total indifference towards the technology, regulation, or price. However, he also acknowledges that it could rise by 1000% within half a decade. Jamie Dimon: Economy is Fine, Bitcoin is an Afterthought While speaking with the Times of India, the JPMorgan CEO touched upon America's default risks, national inflation rates, and his feelings around the crypto regulatory debate. Regarding the economy,…

Wall Street Giants JPMorgan Reveal Plans to Offer Clients Cryptocurrency Funds

JPMorgan has issued its financial advisors permission to give all its wealth-management-pp clients access to cryptocurrency funds. This move makes it the first large bank to expand crypto trading access beyond just ultra-wealthy clients. JPMorgan's advisors can execute only "unsolicited" crypto trades. Advisors cannot recommend the products but can buy or sell on behalf of a client's request. The bank informed advisors that they can now take orders to trade five cryptocurrency products. They include; Grayscale's Bitcoin Trust, Bitcoin Cash…

78% Of Institutions Unlikely To Invest In Cryptocurrencies – JPMorgan Report

The crypto market bull run has led to an increased institutional interest in crypto-assets. However, a recent survey from American bank JPMorgan reveals that the current surge from institutions is not as widespread as initially thought.   78% of Institutions have no interest in cryptocurrencies  US news outlet business insider revealed this development in a report on Wednesday. According to the report, JPMorgan surveyed more than 3,4000 investors representing over 1,500 institutions globally.   The report discovered that 89% of respondents revealed that their…

India’s Oldest Bank SBI joins JPMorgan Blockchain Payment Network

The oldest bank in India, State Bank of India (SBI), has partnered with US bank, JPMorgan, to leverage its blockchain platform to speed up international transactions. This is the first of such partnerships in India and shows the growing adoption of blockchain-based solutions by banks.  SBI to Integrate JPMorgan Blockchain Solution for Cross-border Payments The development was revealed today by local news outlet the Indiatimes. According to the report, the partnership will offer SBI immense benefits. One of which is…

Bitcoin Is The “Least Reliable Hedge” During Acute Market Stress – JPMorgan Strategists 

Despite Bitcoin's remarkable performance over the last ten months, JPMorgan Chase & Co. cross-asset strategists believe that the leading cryptocurrency is not a good hedge during severe market conditions.  In a Thursday report, the bank's strategists - John Normand and Federico Manicardi - wrote that Bitcoin has proven to be weak at withstanding "short-term drawdowns" during terrible market crashes.  Investing in Bitcoin can be the best way to protect against the loss of faith in fiat or traditional payment system.…

US Banks Allowed To Use Stablecoins To Make Payment

All banking institutions in the United States can now use public blockchains and the stablecoins they host to make payments. They can also mine nodes of these blockchains and issue their own stablecoins. US Banks Allowed To Use Stablecoins This development comes from a statement by the Office of the Comptroller of the Currency (OCC). The OCC is the institution responsible for regulating and overseeing domestic banks operating in the United States. The letter states that all banking institutions in…

MassMutual’s BTC Purchase Shows Increasing Institutional Demand

Last week, American insurance giant Massachusetts Mutual entered into the cryptocurrency world with a $100 million investment in Bitcoin, making it the latest large mainstream corporation to join the bandwagon.  Without particularly clarifying why it saw Bitcoin as a reasonable financial investment, MassMutual told the Wall Street Journal it looked for measured yet significant exposure to an increasingly digital world. More Bitcoin Demand to Follow American multinational investment bank JPMorgan Chase & Co. believes that the leading cryptocurrency has taken…

Bitcoin’s Institutional Adoption Has Only Begun – JPMorgan

It’s been a great year for Bitcoin, both in price and mainstream adoption, but American banking giant JPMorgan Chase thinks this is only the beginning.  The Wall Street powerhouse bank believes that Bitcoin’s adoption puts gold in jeopardy as the precious metal will “suffer for years” because of the leading cryptocurrency.  A Shift To Crypto The bank predicts a significant shift from the traditional asset markets into the crypto markets in the long run.  Analyzing the 2020 Q4 trend, JPMorgan…

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