• JPMorgan bitcoin unsustainable
    Bitcoin

    Bitcoin bull run ‘unsustainable’ unless volatility decreases: JPMorgan

    According to the bank’s strategists Bitcoin’s rise since January ‘appears to have been more influenced by speculative flows’ which could render its price unstable

    A team of JPMorgan strategists led by market strategist Nikolaos Panigirtzoglou said that the Bitcoin network’s market value increased by about $700 billion over the last five months despite an institutional capital inflow of only $11 billion.

  • Bitcoin,  People,  Uncategorized

    ‘Bitcoin is better at being gold than gold’: SkyBridge Capital’s Scaramucci

    Wall Street Star Anthony Scaramucci also said that if the new digital gold’s market cap reaches just half of old yellow gold’s—about $5 trillion—BTC’s value would increase tenfold

    Scaramucci is the latest traditional finance heavyweight to join the ranks of open Bitcoin proponents. As Modern Consensus reported in mid-December, the participation of institutional investors and big-name investors is the main reason why many believe this Bitcoin bull run to be different from the previous ones.

  • JPMorgan Bitcoin $146K
    Bitcoin

    JPMorgan analysts: Bitcoin will reach $146K, but not soon

    The bank predicted that before heading beyond $146,000 Bitcoin would need to significantly decrease its volatility—a process it believes will take years

    To do that, it will need to continue attracting large institutional investors. And to do that, Bitcoin would have to become far less volatile than it is now. That’s already happening, the JPMorgan note pointed out, with an analyst suggesting that there’s “little doubt that the institutional flow impulse into Bitcoin is what distinguishes 2020 from 2017.”

  • JPMorgan Jamie Dimon unimpressed Bitcoin
    Bitcoin,  Opinion,  Regulation

    Still a skeptic: JPMorgan Chase boss Jamie Dimon says ‘Bitcoin is not my cup of tea’

    The CEO also predicts there’s trouble brewing for the cryptocurrency if its market cap gets any bigger, warning the U.S. ‘can regulate whatever they want’

    Bitcoin’s tantalizing rise to $18,000—a 13% increase in the space of a week—still isn’t enough to impress JPMorgan Chase chief executive Jamie Dimon. However, that isn’t to say that Dimon is skeptical about digital assets or the power of blockchain technology.