Nasdaq - JPMorgan Casts A Shadow On Bitcoin Rally, Questions Sustainability Post-ETF Hype

in blockchain •  last year 

https://www.nasdaq.com/articles/jpmorgan-casts-a-shadow-on-bitcoin-rally-questions-sustainability-post-etf-hype
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JPMorgan analysts believe the recent crypto market surge is "overdone" and is attributed to the potential approval of a spot Bitcoin ETF in the U.S. and recent legal victories for the crypto industry.

They remain "skeptical" of both and believe the newly-approved ETFs are more likely to see a shift of existing capital from other Bitcoin products.

They also warned of potential market volatility following the SEC approval of spot Bitcoin ETFs.

Beware of Bitcoin ETF!!

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