One indicator shows that Bitcoin has become more popular than gold in investors' portfolios, as its price continues to reach new highs, according to a report released by JPMorgan Chase on Thursday.
JinseFinanceJPMorgan anticipates Bitcoin's rally before the halving, noting its current surge and limited upside potential. They highlight the flow of Bitcoin and upcoming catalysts while expressing concerns about Tether and potential regulatory oversight.
Huang BoGrayscale's Bitcoin ETF sees a slowdown in outflows, with $15 million net sales on Friday. Concerns over GBTC's 1.5% high fee may drive investors toward lower-fee alternatives as Bitcoin ETF hype normalizes.
Huang BoWith the rapid development of technology and the changing geopolitical landscape, the global financial system is at a crossroads.
JinseFinanceThe bank said that U.S. monetary policy coupled with economic sanctions has forced some countries to look for alternatives to the U.S. dollar, and the growth of stablecoins may have emphasized the need for fiat currencies.
JinseFinanceMorgan Stanley's Ellen Zentner forecasts a series of interest rate cuts by the FED, deviating from market expectations. Beginning in June, the predicted reductions may impact Bitcoin's trajectory, potentially influencing a return to previous highs.
Cheng YuanWith JPMorgan as their authorized participant, the intermediary firm, the ETF can first be realized by converting Bitcoin into cash and vice versa.
JinseFinanceJPMorgan's outlook anticipates Ethereum's rise, Bitcoin's priced-in halving, DeFi's struggles in traditional finance, tokenization challenges, and cautiously observes a tentative improvement in crypto venture capital funding.
Cheng YuanThe banking giant estimated that El Salvador wouldn’t face any issues with its debt payment for another year, despite the crisis it's facing currently.
CointelegraphMorgan Stanley’s report reads: “Ethereum demand is more closely tied to transactions. Therefore, similar scaling restrictions hurt demand for Ethereum more than it dampens demand for Bitcoin.”
Cointelegraph