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JPMorgan Now Sees Bitcoin As “Mostly Positive”
Summary: Forbes reported that J.P.Morgan, Wall Street banking giant, altered its previously critical attitude toward cryptocurrencies, as the chief executive now sees the asset as “mostly positive” and have “longevity as an asset class.”
Forbes reported that J.P.Morgan, Wall Street banking giant, altered its previously critical attitude toward cryptocurrencies, as the chief executive now sees the asset as “mostly positive” and have “longevity as an asset class.”
Joshua Younger and Nikolaos Panigirtzoglou, two managing directors at J.P.Morgan, recently conducted a report, which stressed that Bitcoin, as an asset, has never traded under its production cost. J.P.Morgan stated that it expects Bitcoin to remain as a speculative asset.
According to Bitpush Market Data, Bitcoin is currently trading at $9,359.78. After the slump on Thursday, the leading cryptocurrency has been fluctuating around $9,400.
By Dawn Wu
Tags: Bitcoin (BTC),JPMorgan
Link: JPMorgan Now Sees Bitcoin As “Mostly Positive” [Copy]
