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Report: Market Valuation of 14 Banking Giants Shed $635 Billion This Year


The world’s largest banks lost a considerable amount of market valuation amid the Covid-19 pandemic, according to a new report that estimates financial incumbents lost $635 billion. Between December 2019 and August 2020, the market caps of 14 major banking institutions lost upwards of 30-50%...

Central Banks Are Driving People to Bitcoin - Morgan Stanley Exec


Central banks may be inadvertently driving a generation of investors to bitcoin (BTC) and other cryptoassets, said a Morgan Stanley executive. In an interview with CNN, Morgan Stanley’s Head of Emerging Markets and Global Macro Ruchir Sharma, opined that central banks’ actions were pushing...

Gold and Bitcoin Surge Exposes Generational Divide – JP Morgan


Both younger and older investors are seeing the case for an alternative to fiat money, but the generations differ when it comes to what that currency should be: bitcoin (BTC) or gold. According to a note by strategists at investment banking giant JPMorgan Chase & Co that was quoted...

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