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Ether Could Be a Meaningful Earnings Driver for Coinbase, JPMorgan Says
15.3.2024
The bank raised its price target for the crypto exchange to $150 from $95
Gold Investors Aren't Switching Into Bitcoin, JPMorgan Says
15.3.2024
Outflows from gold exchange-traded funds and a surge in bitcoin ETF inflows fueled speculation investors were shifting from the precious metal into the cryptocurrency
Speculators And Retails Are Driving Latest Bitcoin Rally, Says JPMorgan
14.3.2024
JPMorgan analysts remain bearish on Bitcoin’s near-term future, believing the asset’s current rally is attributable to retail and speculative institutions.
The post Speculators And Retails Are Driving Latest Bitcoin Rally, Says JPMorgan appeared first on Cryptonews
Jamie Dimon Defends Right to Buy Bitcoin Even Though He Never Will
12.3.2024
Dimon has been a consistent critic of the cryptocurrency over the years and his latest comments demonstrate nothing has changed despite the ongoing mainstream adoption of bitcoin in the form of ETFs in the U.S
JPMorgan CEO Jamie Dimon Says He ‘Won’t Personally Ever’ Buy Bitcoin
12.3.2024
The chief executive of JPMorgan Chase, Jamie Dimon, has doubled down on his anti-crypto stance, declaring that he will never personally buy bitcoin. His investment bank, however, is an authorized participant for Blackrock’s spot bitcoin exchange-traded fund (ETF). Despite his personal...
Bitcoin Mega Whale Resurfaces, JPMorgan Expects BTC Price to Drop, Bitcoin Cash Soars 40%, and More — Week in Review
10.3.2024
A significant bitcoin “mega whale” moved 3,000 vintage bitcoins from 2010 as BTC peaked at $69,210. JPMorgan predicted a post-halving drop in bitcoin’s price to $42,000, citing current euphoria levels. Meanwhile, bitcoin cash experienced a 40% surge in anticipation of...
JPMorgan Says ‘Unrealistic’ to Expect Bitcoin to Match Gold Within Investors’ Portfolios
10.3.2024
JPMorgan says the argument that bitcoin’s market cap would rise to $3.3 trillion if it matched gold in portfolios, implying more than doubling in price, overlooks risk. “It would be unrealistic to expect bitcoin to match gold within investors’ portfolios in notional...
JPMorgan Expects $62 Billion Bitcoin Spot ETFs Market Over 2 To 3 Years
9.3.2024
J.P. Morgan believes Bitcoin spot ETFs likely won’t see much AUM growth in the long term based on valuations of the asset next to gold.
The post JPMorgan Expects $62 Billion Bitcoin Spot ETFs Market Over 2 To 3 Years appeared first on Cryptonews
Bitcoin Is Unlikely to Match Gold’s Allocation in Investors’ Portfolios in Nominal Terms: JPMorgan
8.3.2024
The bitcoin spot ETF market could grow to around $62 billion in the next two to three years, the report said
Satoshi’s Growing Fortune, JPMorgan Says Halving Priced in, Peter Brandt Raises BTC Price Target, and More — Week in Review
3.3.2024
Bitcoin’s valuation surged past the $1 trillion mark, significantly increasing the net worth of its elusive creator, Satoshi Nakamoto, by nearly $9 billion in two months. JPMorgan Chase analysts have identified the Bitcoin halving event and an upcoming major Ethereum network upgrade as...
JPMorgan Expects Bitcoin Price to Drop to $42K After Halving
3.3.2024
JPMorgan has cautioned investors that the price of bitcoin could fall to $42,000 after the halving event in April. The global investment bank’s analysts explained that $42K is the level they “envisage bitcoin prices drifting towards once bitcoin-halving-induced euphoria subsides after...
JPMorgan predicts Bitcoin correction following halving
1.3.2024
Bitcoin has retraced to $61,500 at the time of articulating this piece. That is a fall of 2.50% in the last 24 hours. It briefly touched the milestone of $63,000; however, it is now rallying downward on the chart. An analyst at JPMorgan has predicted that a Bitcoin price correction could happen...
Bitcoin Could Slide to $42K After Halving Hype Subsides, JPMorgan Says
29.2.2024
The bitcoin production cost has historically acted as a lower boundary to the cryptocurrency’s price, the report said
JPMorgan Says Bitcoin Halving and Ethereum Upgrade ‘Are Largely Priced In’
27.2.2024
JPMorgan Chase has discussed three main catalysts driving crypto prices over the coming months. The global investment bank’s analysts believe that the Bitcoin halving event and the next major upgrade of the Ethereum network are largely priced in. JPMorgan on Catalysts Affecting Crypto Prices...
Bitcoin ETF Price/Flow Correlation is Declining: JPMorgan
22.2.2024
The price of bitcoin (BTC) has not been moving as closely in relation to flows in and out of the spot ETFs as it previously did, according to JPMorgan
Retail Investors Were Likely Behind The Crypto Market Rally in February, JPMorgan Says
22.2.2024
Increased retail activity comes ahead of the three main catalysts in the coming months: the bitcoin halving, the Dencun upgrade of the Ethereum blockchain and the potential approval of spot ether ETFs, the report said
Edward Snowden Calls Bitcoin ‘Most Significant Monetary Advance Since the Creation of Coinage’
20.2.2024
Edward Snowden, a privacy advocate and former National Security Agency (NSA) contractor and whistleblower, says bitcoin “is the most significant monetary advance since the creation of coinage.” He views his statement as “unpopular but true.” Edward Snowden’s...
U.S. Regulators Can Influence Tether’s Offshore Usage: JPMorgan
17.2.2024
Tether’s (USDT) dominant position as the largest stablecoin faces regulatory challenges and risks from various authorities and jurisdictions as they seek to impose more transparency and compliance on stablecoins. The stablecoin is vulnerable due to its dependence on the American market and pending...
JPMorgan Analyst Criticizes Coinbase's Lack of Insights Into Its ETF Business
16.2.2024
Coinbase reported strong fourth-quarter earnings on Thursday, partly driven by the launch of the ten spot bitcoin exchange-traded funds (ETFs)
JPMorgan urges the United States to maintain Tether
16.2.2024
JPMorgan, a major participant in financial solutions, published a statement encouraging US authorities to preserve its indirect control on the stablecoin Tether, despite the fact that its base is located overseas. Analysts at JPMorgan believe that the stablecoin’s reliance on the U.S. market...