JPMorgan

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

<div class=”featured_image_container”> </div> <strong>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.</strong> Increased Institutional Adoption, New Price Prediction for Bitcoin JPMorgan said last week that bitcoin’s price volatility has been declining in recent …

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

<div class=”featured_image_container”> </div> <strong>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 …

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JPMorgan launching ‘crypto exposure basket’ featuring MicroStrategy and Square

JPMorgan Chase has designed a new debt instrument that provides investors direct exposure to a basket of crypto-focused companies, according to a new filing with the United States Securities and Exchange Commission, or SEC. JPMorgan’s Cryptocurrency Exposure Basket (Mar 2021) is described as an “unequally weighted basket consisting of 11 Reference Stocks of U.S.-listed companies” …

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JPMorgan Says Investors Can Put 1% of Their Portfolios in Bitcoin Despite Calling It a Poor Hedge

<div class=”featured_image_container”> </div> <strong>After saying that cryptocurrencies “rank as the poorest hedge for major drawdowns in equities, with questionable diversification benefits,” JPMorgan says investors can put 1% of their portfolios in cryptocurrencies. This can help “achieve any efficiency gain in the overall risk-adjusted returns of the portfolio,” the firm’s strategists explained.</strong> Investors Can Allocate 1% …

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JPMorgan report endorses 1% allocation to Bitcoin as a hedge

Strategists at Wall Street banking giant JPMorgan have suggested that a one percent portfolio allocation to Bitcoin would serve as a hedge against fluctuations in traditional asset classes such as stocks, bonds, and commodities. A small percentage allocation was advised to mitigate the risk of any large downturns in the digital asset’s value. Bitcoin has …

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BNY Mellon Announces Crypto Custody and Spies Integrated Services

BNY Mellon, the world’s largest custodian bank with some $41 trillion in assets in its safekeeping, is moving into crypto. Announced Thursday, BNY Mellon will roll out a new digital custody unit later this year, to help clients deal in digital assets, including cryptocurrencies.  Banks exploring digital assets, or large app providers like PayPal offering …

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Tesla’s Bitcoin Buy May Not Trigger Wave of Corporate Demand, Says JPMorgan

While crypto traders foresee major corporates copying Tesla’s decision to invest in bitcoin, investment bank JPMorgan suggests otherwise. “The main issue with the idea that mainstream corporate treasurers will follow the example of Tesla is the volatility of bitcoin,” JPMorgan strategists led by Nikolaos Panigirtzoglou wrote in a note reported by Bloomberg on Wednesday. Tesla, …

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Hedge or cyclical? Eternal debate on Bitcoin’s status sees a new twist

The conclusions that the report presents are at odds with the “Bitcoin as a safe-haven asset” trope that has become somewhat conventional wisdom lately. The authors contend that the original cryptocurrency is actually not that great of a hedge in a situation when markets are undergoing severe stress and that expansion of retail ownership has …

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Believing, not seeing: Institutions still predict $100K Bitcoin price

Despite Bitcoin price cooling off in recent days, with the premier cryptocurrency currently hovering around the $32,000 mark, it is still showcasing strong technicals as well as a thirty-day price gain of nearly 40%. Not only that, but even since its recent dip — which has seen the digital asset fall from its recently established …

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Demand for Crypto Soars: Bitcoin Funds Break Records, Goldman Sachs Wants In

<div class=”featured_image_container”> </div> <strong>Investors are increasingly seeking exposure to bitcoin following the recent months-long price rally. Bitcoin exchange-traded products are seeing record trading volumes. Meanwhile, more big banks are reportedly trying to get into the crypto space, including Goldman Sachs.</strong> High Demand for Bitcoin and Crypto Products With the price of bitcoin rapidly rising over …

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