Category: JPMorgan

Bank of America Survey: 74% of Fund Managers See Bitcoin as a Bubble

The most recent Bank of America Fund Manager Survey shows that about three out of four professional investors think that bitcoin is a bubble. The fund managers also rated bitcoin second on the list of the most crowded trades. Recently, investment bank JPMorgan also warned that cryptocurrency as a sector is in a bubble. Bank […]

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JPMorgan Boss Says ‘Emerging Issues’ Like Cryptocurrencies ‘Need to Be Dealt With Quickly’

JPMorgan’s boss Jamie Dimon has a bone to pick with cryptocurrencies, shadow banking, and the financial technology (fintech) economy. In a letter to JPMorgan shareholders, Dimon explained that banks are “playing an increasingly smaller role in the financial system” and there’s a list of items like digital currencies he’s named that needs to be “dealt […]

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JP Morgan: Bitcoin’s Decreasing Volatility Makes It More Appealing to Institutions, Revises BTC Price Prediction to $130K

JP Morgan says that bitcoin’s volatility has decreased in recent weeks, making the cryptocurrency more appealing to institutional investors. The investment bank has also revised its bitcoin price target to $130,000. Increased Institutional Adoption, New Price Prediction for Bitcoin JPMorgan said last week that bitcoin’s price volatility has been declining in recent weeks, noting that […]

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The ‘normalization’ of bitcoin’s volatility could ‘reinvigorate’ institutional interest, says JPMorgan

Bitcoin’s volatility has long been considered one of the biggest impediments of its adoption among Wall Street’s heavyweight investors.  Research from JPMorgan, however, indicates that bitcoin’s dramatic price swings are “subsiding,” opening the door to greater interest from institutional investors.  “Over the past weeks, we started seeing the first signs of bitcoin volatility peaking and […]

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JPMorgan is looking for a crypto clearinghouse: Report

Banking giant JPMorgan is reportedly looking to work with a crypto clearinghouse to add liquidity to the market. Forbes reported the news on Monday, citing a “senior JPMorgan executive,” who spoke with the publication “on background.” The executive said, “we will fundamentally need a crypto clearinghouse to see that liquidity. Once that exists, banks will […]

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Wall Street Giant JPMorgan Prepares for Bitcoin & Crypto Clearinghouse Options

The explosive growth of Bitcoin and the overall crypto market has swayed some of the biggest Wall Street banking giants in recent times. As per the latest report by Forbes, Wall Street banking giant JPMorgan is preparing for Bitcoin (BTC) and crypto clearinghouse options. While the crypto market has registered unprecedented growth over the last […]

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JP Morgan Launching Crypto Investment Product Tracking Public Company Stocks With Bitcoin Exposure

JP Morgan is launching a structured investment product based on the performance of its “Cryptocurrency Exposure Basket,” which tracks stocks of publicly traded companies with exposure to cryptocurrencies. The weight of each stock is “determined based in part on exposure to bitcoin, correlation to bitcoin and liquidity,” according to the company’s filing with the U.S. […]

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JPMorgan tells private wealth clients that bitcoin can be a portfolio diversifier ‘if sized correctly’

JPMorgan Private Bank has distributed an educational deck to clients to help them understand the basics, risks and potential of bitcoin and cryptocurrencies. The deck, obtained by The Block, was prepared in February and distributed last week in Europe and Asia as bitcoin’s price rally has drawn attention from financial institutions and investors.  Overall, the […]

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JPMorgan survey shows 78% of institutional investors aren’t likely to invest in crypto

International investment bank JPMorgan released the results of a poll surveying 3,400 investors at 1,500 institutions during their Macro Quantitative Conference on Thursday, offering indications of what the investor community thinks about cryptocurrency The survey results, obtained by The Block, suggest cryptocurrency’s reputation is shifting to greater legitimacy in the minds of investors, but the […]

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