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Bitcoin Can Be A Portfolio Diversifier, Says JPMorgan

Mary Liu

Summary: JPMorgan Private Bank distributed an education deck for its private wealth clients to help them understand the basic knowledge of Bitcoin and cryptocurrencies, according to a report from The Block. The bank stated in a conservative way that "If sized correctly," Bitcoin can be a portfolio diversifier.  JPMorgan also provided customers with graphs and data ...

JPMorgan Private Bank distributed an education deck for its private wealth clients to help them understand the basic knowledge of Bitcoin and cryptocurrencies, according to a report from The Block.

The bank stated in a conservative way that "If sized correctly," Bitcoin can be a portfolio diversifier. 

JPMorgan also provided customers with graphs and data showing the correlation of Bitcoin with the US dollar, gold, S&P, and treasuries, and emphasized that "Bitcoin is diversifying, but it's not a protection asset." 

By Mary Liu

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