JP Morgan bullish on crypto; predicts upside in near future
The investment bank sees upside in cryptocurrencies and also announced that it is a preferred asset class over other investment instruments in the near future.
- May 26, 2022,
- Updated Jun 17, 2022 11:50 PM IST
JPMorgan, the leading financial service provider, has recently announced that it is bullish on the prospects of cryptocurrencies, especially Bitcoin and thinks that it is undervalued.
The investment bank also explained that due to the aforementioned reasons, digital assets like cryptocurrencies and hedge funds would be their preferred investment instruments in the coming time. The bank said, “We thus replace real estate with digital assets as our preferred alternative asset class along with hedge funds.”
Also Read: Ukraine's Vice PM has asked for crypto donations in a unique way- via a rap song
JPMorgan, the leading financial service provider, has recently announced that it is bullish on the prospects of cryptocurrencies, especially Bitcoin and thinks that it is undervalued.
The investment bank also explained that due to the aforementioned reasons, digital assets like cryptocurrencies and hedge funds would be their preferred investment instruments in the coming time. The bank said, “We thus replace real estate with digital assets as our preferred alternative asset class along with hedge funds.”
Also Read: Ukraine's Vice PM has asked for crypto donations in a unique way- via a rap song