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JPMorgan: Bitcoin Still Overbought Despite Price Drop
25.3.2024
Global investment bank JPMorgan has cautioned that bitcoin is still overbought despite the crypto’s recent price decline. JPMorgan’s analysts expect continued selling pressure on bitcoin as the halving approaches, “particularly against a positioning backdrop that still looks...
Grayscale's GBTC Profit Taking Likely Over, Easing Bitcoin Selling Pressure: JPMorgan
25.1.2024
Around $1.3 billion has shifted from GBTC to new spot bitcoin ETFs, equivalent to a monthly outflow of about $3 billion per month, the bank said in a report
JPMorgan Analysts Say Bitcoin Rally ‘Overdone’, Question Crypto Market Fundamentals
9.11.2023
JPMorgan analysts are unconvinced by Bitcoin’s price rally. Image by Waqas, Adobe Stock. In a report published Wednesday, JPMorgan analysts cast doubt on the sustainability of the latest bitcoin rally, stating that the sharp gains look ‘overdone’ relative to...
Spot Bitcoin ETF Application Approvals Likely By January 10th, JPMorgan Argues – How High Can the BTC Price Pump in 2024?
20.10.2023
The US Securities and Exchange Commission's (SEC) recent decision not to appeal a ruling that went against them in the Grayscale case brings the approval of spot Bitcoin ETFs in the US closer, JPMorgan argued in a research report released earlier this week.
The first approvals are likely to come...
JPMorgan: 72% of Institutional Traders Surveyed ‘Have No Plans to Trade Crypto’
6.2.2023
A new survey by JPMorgan Chase shows that 72% of institutional traders “have no plans to trade crypto” while 14% plan to trade cryptocurrencies within five years. Institutional traders also expect “recession risk” to have the biggest impact on markets in 2023....
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...
JPMorgan Expects Crypto Market to Face Weeks of Deleveraging – Warns Bitcoin Price Could Drop to $13K
11.11.2022
Global investment bank JPMorgan has warned of the crypto market facing weeks of deleveraging stemming from the crisis at Sam Bankman-Fried’s crypto exchange FTX.com and trading platform Alameda Research. The firm’s analysts also predicted that the price of bitcoin could fall...
JPMorgan Advises Investors to Sell Crypto, Buy Value Stocks — Says the Fed Overestimates Strength of US Economy
31.8.2022
The chief global strategist of JPMorgan Asset Management has advised investors to focus on valuations, invest in value stocks, sell crypto, and steer clear of bitcoin. “The Federal Reserve is overestimating the strength of the U.S. economy as it feels guilty about the fact that inflation...
JPMorgan Foresees Increased Blockchain Use in Finance — Prepares to Offer Related Services
27.5.2022
JPMorgan expects blockchain use in finance to increase as the crypto sector grows. The global investment bank says, “We want to make sure that we are able to not only support that but also be ready to provide related services.” JPMorgan’s Blockchain Plans JPMorgan Chase &...
JPMorgan Sees ‘Significant Upside’ to Bitcoin — Replaces Real Estate With Crypto as ‘Preferred Alternative Asset’
26.5.2022
JPMorgan sees “significant upside” to the price of bitcoin. The global investment bank’s price target for the cryptocurrency is 28% above its current price. JPMorgan has also replaced real estate with cryptocurrencies as its “preferred alternative asset class along with...
JPMorgan Sees Limited Upside for Crypto Markets
4.4.2022
JPMorgan Chase & Co. has warned that any upside for crypto markets from here would likely be more limited. Basing their prediction on the relationship between stablecoins and the rest of the crypto market, the bank’s analyst explained that stablecoins’ share of the total crypto...
JPMorgan Predicts Long-Term Bitcoin Price of $150K — Outlines Challenges Ahead
11.2.2022
Global investment bank JPMorgan has predicted that the long-term price of bitcoin will reach $150K while the fair value of the cryptocurrency sits at $38K. “The biggest challenge for bitcoin going forward is its volatility and the boom and bust cycles that hinder further institutional...
Bitcoin’s Current Fair Price Is Around USD 38,000 - JPMorgan
9.2.2022
US investment bank JPMorgan estimates that the “fair value” of bitcoin (BTC) is around USD 38,000, basing its valuation on the crypto’s volatility in comparison with gold.
The estimate, developed by a team of strategists led by Nikolaos Panigirtzoglou, was published yesterday in a note,...
JPMorgan Client Survey: Majority Expect Bitcoin Price to Reach $60K or More This Year
15.1.2022
Global investment bank JPMorgan has asked its clients what they think the price of bitcoin will be by year-end. Among the bank’s clients who responded, 55% expect the price of bitcoin to end the year at $60K or higher. What JPMorgan’s Clients Expect the Price of Bitcoin to Be...
JPMorgan Doubles Down on Bitcoin Price Prediction of $146K
8.11.2021
Global investment bank JPMorgan has doubled down on its bitcoin price prediction of $146K. The bank’s analyst explained that the price of the cryptocurrency could reach that level if its volatility subsides and institutional investors start investing in bitcoin more than gold in their...
JPMorgan Boss Jamie Dimon Says Bitcoin Is Worthless, Questions BTC’s Limited Supply
12.10.2021
The CEO of global investment bank JPMorgan, Jamie Dimon, says bitcoin is “worthless,” questioning whether the supply of bitcoin is actually limited. He also noted that blockchain and stablecoins can be real, emphasizing that governments are going to regulate the industry. Bitcoin...
JPMorgan: Institutional Investors Dump Gold for Bitcoin Seeing It as Better Inflation Hedge
8.10.2021
Global investment bank JPMorgan says institutional investors are returning to bitcoin, seeing the cryptocurrency as a better hedge than gold. The firm’s analysts describe three key drivers boosting the price of bitcoin in recent weeks, including assurances that U.S. policymakers will not...
JPMorgan CEO: Bitcoin Has No Intrinsic Value, Regulators Will ‘Regulate the Hell out of It’
5.10.2021
The CEO of global investment bank JPMorgan, Jamie Dimon, says that bitcoin has no intrinsic value and “regulators are going to regulate the hell out of it.” He emphasized: “If people are using it for tax avoidance and sex trafficking and ransomware, it’s going to...
JPMorgan Quietly Offers 6 Crypto Investments Despite CEO Jamie Dimon’s Anti-Bitcoin Stance
6.8.2021
Global investment bank JPMorgan is now offering six cryptocurrency investment funds to clients despite its CEO, Jamie Dimon, continually advising against investing in bitcoin and other cryptocurrencies. JPMorgan Chase has quietly begun giving its wealth management clients access to...
JPMorgan Begins Offering 5 Cryptocurrency Funds to Clients
23.7.2021
Global investment bank JPMorgan has reportedly green-lighted its advisors to provide clients with access to five cryptocurrency funds. The funds are available to all JPMorgan’s wealth management clients seeking investment advice. The move makes JPMorgan the first large bank to expand crypto...