JPMorgan – Page 5 – Ƀitsell X

Morgan Stanley on Decline of US Dollar, JPMorgan Warns of a BTC Selloff, BTC Mining Improved, and More — Week in Review

January 28, 2024

Morgan Stanley has raised concerns about the potential decline of the U.S. dollar’s dominance due to the increasing interest in digital currencies. Meanwhile, JPMorgan has warned of a potential bitcoin selloff, anticipating a $3 billion outflow from Grayscale’s Bitcoin fund. The profitability of Bitcoin’s SHA256 algorithm in mining operations has significantly improved, now ranking as…
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JPMorgan Sees Downward Pressure Easing for Bitcoin as Grayscale Profit-Taking Fades

January 28, 2024

Global investment bank JPMorgan says that profit-taking from Grayscale’s bitcoin trust (GBTC) has largely happened already. “This would imply that most of the downward pressure on bitcoin from that channel should be largely behind us,” the bank’s analyst explained. JPMorgan’s Bitcoin Price Outlook Global investment bank JPMorgan weighed in on the crypto market again this…
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JPMorgan Sees Challenges Ahead for Crypto Market — Downgrades Coinbase Stock

January 24, 2024

Warning of a difficult time ahead for the crypto market, global investment bank JPMorgan has downgraded Coinbase stock. Emphasizing that crypto prices are already under pressure, JPMorgan warned of “greater potential for cryptocurrency ETF enthusiasm to further deflate,” driving with it lower crypto prices and trading volume. JPMorgan’s Crypto Market Outlook, Coinbase’s Downgrade Global investment…
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JPMorgan Warns of Incoming Bitcoin Selloff With Anticipated $3 Billion Grayscale Outflow

January 22, 2024

Global investment bank JPMorgan has warned of additional outflow from Grayscale’s bitcoin fund, cautioning that it will put “further pressure on bitcoin prices over the coming weeks.” The bank’s analyst also explained that the $3 billion inflow into new spot bitcoin exchange-traded funds (ETFs) “reflects a rotation from existing bitcoin vehicles” or “from retail investors…
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Mad Money Host Jim Cramer Sees ‘Nasty Beginning to Bitcoin Selloff’

January 21, 2024

Jim Cramer, the host of CNBC’s Mad Money show, has warned of a bitcoin selloff. While cautioning investors about investing in bitcoin and the newly launched spot bitcoin exchange-traded funds (ETFs), he said: “I’m not as stridently against these new investment vehicles as Gary Gensler is … At this point, Bitcoin’s been around for 15…
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JPMorgan CEO Advises Investors to Stay Away From Bitcoin — ‘My Personal Advice Is Don’t Get Involved’

January 19, 2024

Jamie Dimon, the CEO of JPMorgan Chase, has advised investors to stay away from bitcoin. “My personal advice is don’t get involved,” he said. “But I don’t want to tell anyone what to do. It’s a free country.” The executive added that he doesn’t care about Blackrock, the world’s largest asset manager, embracing bitcoin, insisting…
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JP Morgan: Bitcoin ETFs Could See $25 Billion Inflows From Existing Products Without Fresh Capital

January 15, 2024

Source: AdobeStock / Alexey Novikov Banking giant JP Morgan projects a huge inflow into spot Bitcoin ETFs from other cryptocurrency-related products even without new capital from the wider financial market. JP Morgan Market Trends Report Highlights Inflows Following Bitcoin ETF Approval In a recent report, the bank highlighted market trends following the approval of spot…
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Jamie Dimon Insists Bitcoin Doesn’t Have Value as JPMorgan Teams up With Blackrock on Spot Bitcoin ETF

January 11, 2024

JPMorgan Chase CEO Jamie Dimon has insisted that bitcoin doesn’t have value, emphasizing that its use cases are sex trafficking, tax avoidance, money laundering, and terrorism financing. However, JPMorgan has teamed up with Blackrock to help the world’s largest asset manager grow its spot bitcoin exchange-traded fund (ETF) as a lead authorized participant. Jamie Dimon…
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Bain and Company: Tokenization Can Unlock a $400B Yearly Alternative Investment Opportunity

January 5, 2024

A report issued in December by Bain and Company and JPMorgan executives recognized the impact that tokenization can have in bringing alternative investments (such as private equity, private credit, real estate, and hedge funds) to individual investors. The document states that this can be a $400 billion opportunity for players in the ecosystem implementing these…
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Maelstrom CIO Arthur Hayes Alerts Big Banks Will Eventually Cannibalize Tether’s Business Model

December 31, 2023

Arthur Hayes, CIO of Maelstrom and former CEO of Bitmex, discussed the eventual demise of Tether and other stablecoin companies. Hayes explained that Tether’s business model, which consists of taking dollars and investing in treasuries, will eventually be cannibalized by big banks like JPMorgan when they get allowed to issue fiat-backed stablecoins. Arthur Hayes…
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