ReePrime

J.P. Morgan Speaks On Crypto Bets

Hosted by Dailymotion. For legal issues report at the Copyright Center, report us on DMC, or use the Instant Removal tool.

J.P. Morgan Speaks On Crypto Bets

Benzinga

7 Views • Nov 05, 2021

Description

Analysts from J.P. Morgan ($JPM@US) said in a recent report that rising interest rates will cause problems for Bitcoin and rewards holders of Ethereum. Bitcoin has been booming because economies across the globe have dropped interest rates dramatically since the beginning of the COVID-19 pandemic. Bitcoin was seen as a hedge against inflation—almost like a crypto gold that could be used as the markets fluctuated. However, central banks around the world are cutting back on pandemic era monetary policies, planning to stop bond buying and raise interest rates. As a result, J.P. Morgan believes that investors should hold Ether, the world’s second-largest crypto-token, because it is much more versatile than Bitcoin. Bitcoin will not remain a safe haven for investors because interest rates will rise, inflation will drop and there will be less that an investor can do with Bitcoin. The same could be said for gold investors who tend to pull out of the market as interest rates rise once again. Crypto investors watching the markets carefully should note that the Bank of England said interest rates ‘would have to rise” while the Federal Reserve concluded its policy meetings by indicating bond tapering will begin and interest rates could rise twice in 2022.

Keywords & Tags

#bitcoin #crypto #cryptocurrency #nft #non-fungible token #finance #ethereum #COVID-19 #inflation #business #crypto news #pandemic #tech #Federal Reserve #interest rates #altcoins #economic recovery #digital asset #crypto broker #crypto mining #investment bank #J.P. Morgan #economic growth #virtual currency #Bank of England #Central banks #monetary policies #bond tapering #economic outlook #Crypto Bets #Better Than Bitcoin #hedge #crypto gold #Crypto investors

More from User

CEO Pay Tops $100 Million

Benzinga

Workday Bias Suit Continues

Benzinga

Iran Oil Waiver Opens

Benzinga

Domino’s Names New CEO

Benzinga

Palantir Stock Slides

Benzinga

AI Rally Faces Test

Benzinga

Related Videos

Crypto News - U.S Banks Dive Into The Crypto Space with Custody Offerings - Bitcoin News

Crypto News | Bitcoin News

Crypto News - Bitcoin Is Coming To Hundreds Of U.S. Banks in 2021 - Bitcoin News

Crypto News | Bitcoin News

Gold Price ஒரு கிராம் 25 ஆயிரம் போகுமா? J.P. Morgan | Bank of America | Anand Srinivasan

Oneindia Tamil

Bruno Meyer: J.P. Morgan eleva participação no brasileiro C6 Bank

Jovem Pan News

Conflito Israel-Irã, Bitcoin e ouro campeões, choque fiscal, upgrade da Moody's e bets | Sextouro

Jovem Pan News

Bearish Bets Wiped Out as Bitcoin Surges, Liquidating $50M in Short Positions. What's Driving the Cryptocurrency's Meteoric Rise?

Benzinga