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Bitcoin Grapples with $28K Resistance, but ‘Uncorrelated Asset’ Allure Could Mean Higher Prices, Says Analyst
6.10.2023
Bitcoin is on track for gains on Friday despite bearish U.S. jobs numbers which initially sent the crypto down nearly 2%
JPMorgan: Crypto Is a Nonexistent Asset Class for Most Large Institutional Investors
25.12.2022
A strategist at global investment bank JPMorgan says crypto is effectively nonexistent as an asset class for most large institutional investors. “The volatility is too high, the lack of an intrinsic return that you can point to makes it very challenging,” he added. JPMorgan...
Bill Miller’s Hedge Fund Sees Bitcoin Having ‘Significant Upside Potential’ as Digital Gold
9.9.2021
In a report filed with the U.S. Securities and Exchange Commission (SEC), the fund managers for the Miller Opportunity Trust, Bill Miller’s hedge fund, state that “bitcoin has significant upside potential as a form of digital gold.” The report details that despite...
Bitcoin’s Rapid Increase Should Compel Crypto Investors to Own Gold, Says Top Miner
13.2.2021
Sandeep Biswas, chief executive officer of Newcrest Mining, one of the world’s biggest gold miners, has said that the sharp increase in bitcoin prices should compel crypto investors to hold gold as a safe-haven asset. In a Feb. 11 interview with Bloomberg TV, Biswas criticized bitcoin’s...