JPMorgan | ForkLog

ForkLog 36 05.01.2025

JPMorgan: Bitcoin and gold have become structurally important

The “debasement trade” trend will persist over the long term as allocations to gold and bitcoin in investor portfolios expand, JPMorgan analysts said, according to The Block. “The rise in gold prices over the past year has gone well beyond the moves implied by changes in the US dollar and bond yields. This likely reflects […]

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ForkLog 12 13.12.2024

JPMorgan: Miners Emulate MicroStrategy’s Bitcoin Strategy

Publicly traded mining companies are adopting a strategy of acquiring bitcoin for their balance sheets, following the example of MicroStrategy. This is according to a report by JPMorgan, as reported by CoinDesk. To finance operational costs, firms are issuing bonds and stocks, opting not to sell mined coins. This shift is due to pressure on […]

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ForkLog 10 19.11.2024

JPMorgan Reports 29% Increase in Bitcoin Mining Profitability

In the first half of November, the profitability of bitcoin mining—hashprice—rose by 29%. This was reported by CoinDesk, citing a JPMorgan report. Analysts Reginald Smith and Charles Pierce noted that two main factors contributed to the significant improvement in mining economics: the rally in the leading cryptocurrency’s prices, which outpaced the increase in hash rate; […]

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ForkLog 9 07.11.2024

JPMorgan Affirms Bitcoin’s Growth Forecast Amid Trump and MicroStrategy Influence

JPMorgan experts express confidence in the “positive outcomes” for both the leading cryptocurrency and gold during Donald Trump’s presidency in the United States, reports The Block.

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ForkLog 5 31.10.2024

JPMorgan Analysts Predict Bitcoin and Gold Surge if Trump Wins

A potential victory for Donald Trump in the upcoming U.S. elections on November 5 could bolster the upward momentum of the leading cryptocurrency’s price, reports The Block, citing opinions from JPMorgan analysts.

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ForkLog 57 21.10.2024

Public Miners’ Share of Bitcoin Hashrate Reaches Record 28.9%

The hashrate of fourteen US-listed mining companies reached 28.9% of the total in October, according to data from JPMorgan, as reported by CoinDesk. Since the beginning of the year, firms tracked by the bank have increased this metric by approximately 70% annually, from 114 EH/s to 194 EH/s, while the overall computational power grew by […]

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ForkLog 7 16.10.2024

JPMorgan Identifies Cryptocurrency Growth Drivers for Year-End

The potential return of Donald Trump to the U.S. presidency and the need for a hedge against economic instability create favorable prospects for Bitcoin in 2025, according to JPMorgan, as reported by The Block. Analysts suggest that amid rising geopolitical tensions and the upcoming U.S. elections, speculative institutional investors may consider gold and the leading […]

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ForkLog 7 07.10.2024

JPMorgan Analysts Identify Key Drivers for Bitcoin and Ethereum Growth

JPMorgan experts have pinpointed several “critically important” factors that could influence the cryptocurrency market in the coming months, reports The Block. The report examines technical, geopolitical, and structural aspects, as well as seasonal trends—particularly the Uptober effect. Special attention is given to the reduction of the Fed’s interest rate, Bitcoin-based exchange-traded funds (ETFs), and the […]

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ForkLog 6 03.10.2024

JPMorgan Predicts Rising Demand for Gold and Bitcoin

Global tensions and the upcoming presidential elections in the United States are driving investors towards gold and Bitcoin as safe-haven assets. This is reported by The Block, citing opinions from JPMorgan analysts.

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ForkLog 32 18.09.2024

Jamie Dimon: JPMorgan Among Leading Blockchain Users

JPMorgan Chase is among the largest users of blockchain technology, according to its CEO Jamie Dimon, reports The Block. “It’s just a database. […] A great way to exchange them and build trust between banks and clients. We’ve been talking about blockchain for 12 years, but little has happened—it’s not like AI,” explained the executive […]

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ForkLog 8 16.09.2024

JPMorgan Predicts Slowdown in Bitcoin Hashrate Growth

Since the beginning of September, the hashrate of the leading cryptocurrency has increased by 4%, returning to pre-halving peaks. However, miners’ revenues remain at historic lows. Analysts at JPMorgan highlighted this issue, as reported by CoinDesk. Bitcoin hashrate. Data: Blockchain.com. Experts also noted that the hashprice fell by 2% this month and by 50% since […]

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ForkLog 8 23.08.2024

JPMorgan Assesses US Bitcoin Mining Market at $74 Billion

The US market for mining the leading cryptocurrency is valued at $74 billion, according to estimates from JPMorgan, reports CoinDesk. This figure corresponds to the value of 1.3 million BTC available for mining at current price levels, the institution explained. The report indicates that block formation revenues over the next four years will amount to […]

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