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Jpmorgan bitcoin report
Oct 24, · On Friday (October 3), Nikolaos Panigirtzoglou, a Managing Director at J.P. Morgan who works on Global Market Strategy, published a report that talked about the long-term potential of Bitcoin. Dr. Panigirtzoglou edits the weekly publication “Flows & Liquidity”, which is one of J.P. Author: Siamak Masnavi. Dec 09, · JPMorgan’s calculations suggest Bitcoin only accounts for % of family office assets, compared with % for gold ETFs. Tilting the needle from gold to bitcoin would represent the transfer of Author: Eddie Spence. Jp morgan Bitcoin report is off track to occupy cardinal of the best playacting assets of territorial dominion the chart below shows. Bitcoin's strong performance has not escaped the notice of Wall chance analysts, investors and companies. The establishment launched bitcoin trading atomic number 49 with Jp morgan Bitcoin report, which.
Jpmorgan bitcoin report
Bloomberg - Are you a robot?Historically, it has been difficult for cryptocurrency exchanges to secure reliable banking relationships for fear of fraud and money laundering, something that has led them to rely on sketchy payment processors instead. The news, then, is particularly significant, not just because of J. And that could be why J. Morgan is taking this chance to entrench itself as a primary player in this esoteric new market, The Block notes in its report ; they may not like Bitcoin, but they seen an opportunity to swoop in and score banking relationships in a growing market with upside, one banker told The Block.
There is little business in fees associated with processing wire and ACH payments, I would expect that there are other associated benefits to JPM from any associated banking services, additional collaboration with both of those firms, potential for winning any future IPO or another angle such as JPM coin being offered on either of those platforms. For context, JPM announced it was incubating its own stablecoin at the beginning of last year.
With hard-to-ignore investors like Jones jumping on the Bitcoin bandwagon , J. I am a freelance journalist based in Nashville who covers Bitcoin, privacy tech, the debt bubble, and things like that. Formerly a staff writer at Bitcoin Magazine, my. This is a BETA experience. Jan 4, , pm EST. Before joining J. Morgan in , he worked as a Financial Economist at the Bank of England.
We've come a long way. As Daniel Tapiero noted on Twitter, this report seems like the most bullish analysis of Bitcoin that J. Morgan has ever published:. Paypal announcement "cover" for other traditional players to get involved. If you were in Venezuela or Ecuador or North Korea or a bunch of parts like that, or if you were a drug dealer, a murderer, stuff like that, you are better off doing it in bitcoin than U.
You can have crypto yen and dollars and stuff like that.
I consider, that you are not right. I can defend the position.
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