Tags : JPMorgan

Bitcoin

JPMorgan says Bitcoin’s true value is $35,000 amid price crash

JPMorgan research analysts have said that institutional investors are swapping Bitcoin for gold for the first time in six months. This is after crypto, including Bitcoin, took a major tumble dropping to lows just above $30,000. Earlier this year, JPMorgan analysts updated a Bitcoin price target to $130,000. According to Business Insider, they said that […]Read More

Bitcoin

JPMorgan says investors fleeing to gold after Bitcoin dipped to

News › Bitcoin › U.S. › Investments Bitcoin’s extreme volatility and crazy price swing might’ve pushed institutional investors back into the safety of gold, said JPMorgan’s research note. Liam Frost · May 20, 2021 at 7:56 am UTC · 2 min read Institutional investors are turning away from Bitcoin amid the latest massive sell-off on […]Read More

Blockchain

Ethereum lab ConsenSys raises $65 million from JPMorgan and Mastercard

Ethereum incubator and blockchain technology company ConsenSys today announced the final close of its $65 million round, it said in a release to CryptoSlate. We are excited to announce the close of our $65M formation round to accelerate the convergence of #DeFi and Web3 applications on #Ethereum with enterprise blockchain infrastructure.https://t.co/7B81x4lSJq — ConsenSys (@Consensys) April […]Read More

Bitcoin

JPMorgan adjusts its long-term Bitcoin price target to $130,000

Analysts at American investment bank JPMorgan Chase & Co have updated their long-term Bitcoin (BTC) price expectations to $130,000, according to a note cited by Business Insider yesterday. Per the note, Bitcoin has become much more attractive to institutional investors over the past few weeks thanks to a decrease in its volatility. Previously, regular massive […]Read More

Market

JPMorgan offers BTC exposure, an ETF in sheep’s clothing

Cryptocurrency adoption has been penetrating the mainstream at an exponential rate. While most investors are going straight into buying the likes of Bitcoin (BTC) and Ether (ETH), a few skeptical investors want to invest in the cryptocurrency economy without exposure to tokens’ volatility directly.  This volatility is evident in the recent all-time high Bitcoin of […]Read More

Bitcoin

Bitcoin naysayer JPMorgan creates ‘Cryptocurrency Exposure Basket’

The US bank is suddenly turning bullish on Bitcoin’s long-term growth after trying to shun it for years. Bitcoin the first time JPMorgan has created a “Cryptocurrency Exposure Basket” for clients looking to bet on companies working in the crypto space, a filing on Tuesday showed. The basket contains over 11 publicly-traded stocks with a […]Read More

Cryptocurrency

JPMorgan co-president admits the demand for Bitcoin will come at

In a conversation with CNBC about Bitcoin, JPMorgan co-president Daniel Pinto said the demand for Bitcoin will come at “some point.” Albeit the message seems ostensibly optimistic, Pinto is implying that the demand for Bitcoin isn’t here just yet. What kind of demand for Bitcoin would be sufficient? The price of Bitcoin has increased by […]Read More