Wall Street Giant JPMorgan Sees Clarity Act Driving Second-Half Upside
The crypto industry has spent years asking Washington for clear rules. It may be getting closer to an answer. JPMorgan analysts are now predicting that the Clarity Act — a sweeping bill designed to set formal ground rules for how digital assets are regulated in the US — will be signed into law by the middle of this year. If this timeline holds, it could prove to be one of the biggest changes in crypto policy within the US. Related Reading: Bitcoin In The Line Of Fire: Price Dips To $63k As US, Israel Launch Strikes On Iran What The Clarity Act Actually Does At its heart, this is a bill....
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Much of bitcoin’s recent rally has been attributed to the tremendous success of the first bitcoin ETF to trade on Wall Street. The ProShares ETF had seen over $1 billion in trading volume in the first 24 hours alone. However, JPMorgan analysts do not believe that this is the driving force behind BTC breaking a […]
JPMorgan is not a Bitcoin indicator. But the American banking giant’s third-quarter earnings report is full of anecdotes that may influence the cryptocurrency’s future outlook – in one way or another. Background The JPMorgan earnings showed an increase in profits by about 4 percent from a year ago. The WSJ reported the outcome as “surprise,” stating that the bank’s return to pre-pandemic levels baffled earlier Wall Street estimations. JPMorgan somewhat represents the health of the […]
JPMorgan thinks bitcoin is below its ‘fair price’ and now features among the bank’s preferred alternative investments.
Wall Street hasn’t always been friendly toward crypto. For years, big lenders treated it like a passing fad or a risky playground for retail traders. But that attitude is shifting fast. JPMorgan’s plan to let clients trade digital assets marks a turning point — a signal that the most traditional corners of finance are finally […]
JPMorgan sees “significant upside” to the price of bitcoin. The global investment bank’s price target for the cryptocurrency is 28% above its current price. JPMorgan has also replaced real estate with cryptocurrencies as its “preferred alternative asset class along with hedge funds.” JPMorgan’s Bitcoin Price Target Is 28% Above Current Price Global investment bank JPMorgan published a bullish note on bitcoin and cryptocurrency Wednesday. The bank’s strategists, including Nikolaos Panigirtzoglou, wrote that their price target for bitcoin....