Bitcoin Is No Market Hedge, JPMorgan Strategists Say | Crypto Craft

  • Bitcoin Is No Market Hedge, JPMorgan Strategists Say

    From bnnbloomberg.ca

    JPMorgan Chase & Co. cross-asset strategists have bad news for anyone on Wall Street betting that Bitcoin is the hottest way to diversify portfolios in a world short on hedges but big on valuation risk. Not only has Bitcoin proved lousy at offsetting short-term drawdowns in big sell-offs, its very popularity among retail investors is increasing the token’s link with cyclical assets, their research suggests. The upshot? Crypto investing might be best seen as way to protect against the loss of faith in a country’s currency or payment system -- rather than a competitor to the likes of gold. Bitcoin is the ... (full story)

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Not-KPMG
Jan 21, 2021 10:11am
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LOL.


These scum liars said 3 days ago Bitcoin is great and 5 years ago bitcoin was dead
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Not-KPMG
Jan 21, 2021 10:13am
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Here's our INTELLIGENT thread.
On Bitcoin and others.


https://www.cryptocraft.com/thread/649649-the-rise-of-crypto-bitcoin-ltc-ether

Please vote on first page


Check all over the thread.


First post - Bitcoin was 967 dollars
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Not-KPMG
Jan 21, 2021 1:24pm
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Quoting Guest
JPMs right, consider the crash the cyrpto market experienced alongside the stock market when the pandemic hit US shores in March-May. When money gets scared and stops chasing yield, everything falls. Crypto included.

Dumboooo 🐵🐵


You slow bro??


Last May bitcoin was 5-6k.
I bought


Now 31k.


Dumbooooo
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Trader#E92A
Jan 21, 2021 12:15pm
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JPMs right, consider the crash the cyrpto market experienced alongside the stock market when the pandemic hit US shores in March-May. When money gets scared and stops chasing yield, everything falls. Crypto included.
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