JPMorgan | ForkLog

ForkLog 9 11.06.2024

‘Bitcoin is a pyramid scheme,’ they said. How banks now finance crypto

Traditional financial institutions have long and successfully invested in the crypto market. Despite foundational ideological contradictions, banks have done much to foster the digital economy and, lately, have publicly put resources into decentralised projects, individual coins and trading instruments. ForkLog recalls how classical financial institutions not only helped to shape the crypto market but also […]

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ForkLog 4 01.06.2024

Ethereum ETF Issuers Submit Revised Applications to SEC

Franklin Templeton, VanEck, and Invesco Galaxy have submitted updated S-1 forms to the SEC. 21Shares has revised its ETH-ETF application, excluding ARK Invest. JPMorgan analysts predict low demand for ETH-ETF. Companies Franklin Templeton, VanEck, and Invesco Galaxy have submitted updated S-1 forms to the SEC for the registration of spot Ethereum-ETFs following a request from […]

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ForkLog 6 02.05.2024

JPMorgan Maintains Cautious Outlook on Cryptocurrency Prospects

Analysts at JPMorgan maintain a “cautious” stance on cryptocurrencies in the near term. They cited a lack of drivers and declining interest from retail investors, reports The Block. “Given also three risk factors (elevated positioning, the high price of the first cryptocurrency relative to the value of gold and the estimated cost of bitcoin mining, […]

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ForkLog 9 18.04.2024

JPMorgan Analysts Predict Bitcoin Decline Post-Halving

With the market still in an overbought state, there is a possibility of a correction in the price of the leading cryptocurrency following the reduction in miners’ rewards. This is reported by CoinDesk, citing a JPMorgan report. Analysts reached this conclusion based on an analysis of open interest in bitcoin futures. Furthermore, the asset’s price […]

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ForkLog 5 07.04.2024

JPMorgan Predicts SEC Approval of Spot Ethereum ETFs

The U.S. Securities and Exchange Commission (SEC) is expected to eventually approve spot ETFs based on the second-largest cryptocurrency by market capitalization. This was stated by JPMorgan analyst Nikolaos Panigirtzoglou in a conversation with The Block. “If there is no approval of spot ETH-ETFs by May, we anticipate a legal process. It is most likely […]

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ForkLog 8 22.03.2024

JPMorgan Analysts Warn Bitcoin is Overbought

Despite Bitcoin’s recent correction, the asset remains in “overbought territory,” according to analysts at JPMorgan, reports The Block. The experts referred to two futures-related metrics, which suggest that the market prices of the digital gold are inflated relative to its fair value. “Both indicators point to Bitcoin remaining in overbought territory, despite the sharp correction […]

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ForkLog 6 15.03.2024

JPMorgan Analysts Attribute Bitcoin Rally to Speculative Investors

The recent surge in the cryptocurrency market is primarily driven by retail and speculative institutional investors purchasing both gold and bitcoin futures, according to analysts at JPMorgan. This was reported by The Block, citing the company’s report. Since the launch in early January, spot bitcoin exchange-traded funds (ETFs) have seen significant inflows, while gold ETFs […]

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ForkLog 23 12.03.2024

JPMorgan CEO: I Will Never Buy Bitcoin, But Support Others’ Right to Do So

JPMorgan CEO Jamie Dimon has urged the Fed to delay rate cuts until June and shared his views on the leading cryptocurrency. This was reported by CNBC citing the businessman’s speech at the Australian Financial Review summit. “I don’t know what Bitcoin is for, but just like the right to smoke a cigarette, I support […]

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ForkLog 6 08.03.2024

JPMorgan Questions Bitcoin’s Ability to Replace Gold in Investor Portfolios

Bitcoin has outperformed gold in investor portfolios when adjusted for volatility, but in terms of value, this is unrealistic. This conclusion was reached by JPMorgan, reports The Block. Analysts noted that the status quo will persist, despite significant inflows into ETFs based on the first cryptocurrency. According to the specialists, risk is a critical factor. […]

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ForkLog 13 22.02.2024

JPMorgan Analysts Identify Key Drivers of Bitcoin’s Bullish Rally

The recent surge in cryptocurrency prices is primarily driven by impulsive decisions of retail traders rather than institutional investors or fundamental market factors, according to The Block, citing analysts from JPMorgan.

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ForkLog 15 16.02.2024

JPMorgan Highlights US Regulatory Influence Over Tether’s USDT

The allure of Tether’s USDT compared to other stablecoins is likely to diminish as forthcoming US regulations demand greater transparency and adherence to new KYC/AML standards, according to JPMorgan. This was reported by CoinDesk, citing an analyst report. Although Tether operates outside the United States, regulators can exert “some control” over the offshore use of […]

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ForkLog 14 13.02.2024

Institutional Traders Anticipate Greater AI Role in Trading

Artificial intelligence technologies are expected to play a leading role in trading over the next three years, according to a survey by JPMorgan. The traditional E-Trading Edit: Insights from the Inside study included 4010 institutional traders from 65 countries. Source: JPMorgan. “61% of traders predict that AI/machine learning will be the most influential in shaping […]

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