Category: jp morgan

JP Morgan Warns a US Bitcoin ETF Could Bust BTC Prices in the Short Term

The reasoning behind such a claim is that an approved ETF could potentially compete with and cause an outflow from the world’s largest traded cryptocurrency fund, Grayscale’s Bitcoin Trust. It was suggested that the ETF would erode the Grayscale Trust’s effective monopoly, sparking outflows and a slide in its premium to net asset value. This […]

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JP Morgan Warns of Falling BTC Price With Bitcoin ETF Approval in US

JP Morgan Warns of Falling BTC Price With Bitcoin ETF Approval in US

JP Morgan’s analysts say that the U.S. Securities and Exchange Commission (SEC) approving a bitcoin exchange-traded fund (ETF) is likely negative for bitcoin in the near term. There is optimism around the prospect of the SEC approving a bitcoin ETF under new leadership, the analysts say. SEC Approving Bitcoin ETF Could Be Negative JP Morgan […]

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Fund Manager Bill Miller Lauds BTC- Says ‘Bitcoin Could Be Rat Poison, and the Rat Could Be Cash’

Fund Manager Bill Miller Lauds BTC- Says ‘Bitcoin Could Be Rat Poison, and the Rat Could Be Cash’

Fund Manager and founder of Miller Value Partners, Bill Miller says holding bitcoin is better than holding cash because the digital asset is immune to the bad policies of the U.S. Federal Reserve. Writing in the 2020 Q4 Market Letter, Miller explains that some companies are already converting to bitcoin in order to avoid incurring […]

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Global Equity Head at Jefferies Says the Investment Bank Will Buy Bitcoin and Reduce Exposure to Gold

Global Equity Head at Jefferies Says the Investment Bank Will Buy Bitcoin and Reduce Exposure to Gold

Christopher Wood, the global head of equity at Jefferies, a global financial services company, says the firm will reduce exposure to gold in favor of bitcoin. He adds that there are plans to increase the crypto component of Jefferies’ long-only global portfolio for U.S. dollar-denominated pension fund if and when the bitcoin price drops from […]

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JP Morgan: More Institutions Could Buy Bitcoin Following MassMutual’s $100M Purchase

JP Morgan: More Institutions Could Buy Bitcoin Following MassMutual’s $100M Purchase

The American multinational investment bank, JPMorgan Chase & Co, believes that bitcoin has grasped the attention of institutional investors, and further purchases will follow. The giant bank highlighted the recent $100 million BTC buy from the insurance company MassMutual as a significant turning point. JPM: Institutions Are Yet To Double-Down On BTC The global events […]

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“Gold Will Suffer For Years Because of Bitcoin” – JP Morgan

The ongoing Bitcoin bull rally has made some of its biggest critics to change their views towards the scarce digital asset. Be it BlackRock CEO Laurence D. Fink who once called bitcoin a money-laundering tool back in 2017 now belive that bitcoin would expand into a global market. Billionaire Investor Ray Dalio took a U-turn […]

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JPMorgan: Gold’s Price Could Suffer As Bitcoin Started Taking Its Market Share

JPMorgan: Gold’s Price Could Suffer As Bitcoin Started Taking Its Market Share

Bitcoin has taken a major portion of gold’s market share and will continue to do so in the near future, argued JPMorgan Chase & Co analysts. They highlighted the declining difference in funds allocated in the precious metal and the primary cryptocurrency, saying that the move will “represent the transfer of billions in cash.” Bitcoin […]

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Largest Russian Bank “Sber” to Pilot Digital Currency SberCoin by 2021

Sber, the largest Russian bank has revealed its plans of working towards developing their own digital currency back in August, now the CEO of the bank Herman Gref has confirmed that they have chosen JP Morgan as their technology partner. Sber boasts of over 100 million customers and recently even dropped bank from its name […]

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Bitcoin Breaches $18,500 , But Wide CME Gap Could Halt Its Bullish Price Action

Bitcoin touched a yearly high of $19,400 before registering a 14% price correction last week. The price correction after three weeks plunged bitcoin prices to near the $16,500 mark on Friday. Bitcoin has managed to recover by almost $2,000 since then as its price touched a daily high of $18,569 and looks poised for another […]

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Further Declines in Bitcoin Price Possible Though Grayscale is Crucial, Notes JPM Analyst

Although Bitcoin has recovered from its vigorous price losses during the Thanksgiving massacre, analysts from JPMorgan Chase & Co believe that further declines may still occur. The strategists pointed out that Grayscale, through its Bitcoin Trust, will play a significant role in future BTC price developments. Is Bitcoin To Head Further South? The primary cryptocurrency […]

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