JPMorgan | Crypto Profit Bot

Crypto is ‘poorest hedge’ for drawdowns in equities, JPMorgan analysts say

February 19, 2021

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Analysts bashed Bitcoin despite JPMorgan co-president Daniel Pinto claiming that Bitcoin adoption is inevitable at some point. 8347 Total views 25 Total shares Analysts at American investment bank JPMorgan Chase have delivered another skeptical statement on Bitcoin (BTC), arguing that its current price is much higher than its fair value. In a regular memo for […]

Bitcoin’s Price Volatility May Hamper Its Progress Above $50K, JPMorgan Says

February 17, 2021

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The bank’s analysts pointed to gold’s much lower volatility. Feb 17, 2021 at 2:13 p.m. UTCUpdated Feb 17, 2021 at 2:33 p.m. UTC Bitcoin’s Price Volatility May Hamper Its Progress Above $50K, JPMorgan Says Bitcoin’s price volatility needs to subside for the cryptocurrency to continue its stellar rally, according to analysts at investment banking giant […]

JPMorgan will get into Bitcoin ‘at some point’, says co-president

February 12, 2021

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JPMorgan co-president Daniel Pinto said that the current demand “isn’t there yet” for the firm to get into Bitcoin, but he is sure that “it will be at some point.” 2982 Total views 17 Total shares Major U.S. investment bank JPMorgan Chase will eventually have to get involved in Bitcoin (BTC), co-president Daniel Pinto believes. […]

Ethereum-Based ConsenSys Quorum Partners With China’s BSN Blockchain

January 25, 2021

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The first partnership for Quorum since leaving JPMorgan is a big one. Jan 25, 2021 at 1:17 p.m. UTCUpdated Jan 25, 2021 at 2:42 p.m. UTC Ethereum-Based ConsenSys Quorum Partners With China’s BSN Blockchain New York-based Ethereum hub ConsenSys has partnered with the Blockchain-based Service Network (BSN) to bring its enterprise ledger, Quorum, to China’s […]

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

January 23, 2021

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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 […]

JPMorgan Provides $100M Financing Facility for Blockchain Mortgage Platform Figure

January 15, 2021

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The facility covers both conforming and jumbo mortgages – loans in excess of the traditional lending restrictions. Jan 15, 2021 at 11:40 a.m. UTCUpdated Jan 15, 2021 at 2:09 p.m. UTC JPMorgan Provides $100M Financing Facility for Blockchain Mortgage Platform Figure Blockchain mortgage platform Figure says it has closed a $100 million financing facility for […]

Bitcoin price climbs 20% overnight as US banks brace for 40% profit cut

January 12, 2021

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Bitcoin made a swift 20% recovery from the weekend’s bloodbath, while American banks prepare to post major losses in their upcoming quarterly reports. 11179 Total views 36 Total shares The dollar value of Bitcoin (BTC) jumped 20% overnight leading into Jan. 12, as the world’s most well-known cryptocurrency recovered swiftly from a 27% decline suffered […]

Long-Desired Bitcoin ETF Could Actually Hurt Price in Short Term: JPMorgan

January 9, 2021

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Jan 9, 2021 at 5:30 p.m. UTCUpdated Jan 9, 2021 at 5:41 p.m. UTC Long-Desired Bitcoin ETF Could Actually Hurt Price in Short Term: JPMorgan While a bitcoin exchange-traded fund (ETF) would be a long-term positive, in the short term it could hurt the price of the leading cryptocurrency as it would draw institutional money […]

Bitcoin could hit $146K long-term by ‘crowding out gold,’ says JPMorgan

January 5, 2021

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Strategists at the American megabank believe the cryptocurrency has a chance to hit $146,000 in future years if it can evolve into a compelling alternative to gold. 9428 Total views 36 Total shares Drawing parallels between Bitcoin (BTC) and gold’s role as a hedge for investors has been popular for years. Until now, the stark […]

JPMorgan: Bitcoin is ‘overbought’ but will suck money out of gold

December 21, 2020

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Institutions need to keep buying to avoid a price drop, JPMorgan analysts say, but the outlook is rosy and will come at the expense of gold. 12141 Total views 37 Total shares Institutional investors may be all that’s pushing up the price of Bitcoin (BTC), a new report from JPMorgan Chase claims. In comments on […]

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Category: JPMorgan