JP Morgan believes that crypto adoption by institutional investors is just beginning

2020-12-12 21:24

Bloomberg recently shared the opinion of JPMorgan analyst Nikolaos Panigirtzoglou, who said Bitcoin would attract even more investment as a safe haven asset.

In a recent report, a financial holding analyst claimed that financial institutions and wealthy people are starting to pay more attention to Bitcoin and buy the asset. Panigirtzoglou believes that the adoption of cryptocurrencies by institutional investors is just beginning and will continue to increase.

There has been a lot of high-profile news lately about millions of dollars in bitcoin investments involving MicroStrategy, the Massachusetts Life Insurance Company, the Grayscale investment fund, and Jack Dorsey’s “Square” company. 

In a report by Nikolaos Panigirtzoglou, he says that Bitcoin accounts for only 0.18% of the capital of family funds, while gold ETFs account for about 3.3%. And when funds start transferring money to bitcoin, it will be billions of dollars towards the capitalization of the first cryptocurrency.

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bitcoin panigirtzoglou financial analyst believes asset adoption

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bitcoin panigirtzoglou → Результатов: 11


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Growing Bitcoin Adoption Hurting Gold Market, Gold Price Will Continue to Weaken, Says JPMorgan

The rise of bitcoin is hurting the gold market and may continue to do so for many years to come as institutional adoption grows, according to JPMorgan Chase & Co strategists. Led by Nikolaos Panigirtzoglou, the strategists noted the declining inflow of funds allocated to gold exchange-traded funds (ETFs) since October, as flows into bitcoin […] The post Growing Bitcoin Adoption Hurting Gold Market, Gold Price Will Continue to Weaken, Says JPMorgan appeared first on Bitcoin News.

2020-12-11 02:30


Фото:

JPMorgan: Bitcoin’s Rise Coming at Gold’s Expense; BTC Price Overshot, Bullion Due for Recovery

JPMorgan Chase says the rise of digital assets could make gold suffer. While money poured into Bitcoin in October, gold saw a record amount of outflows. According to the bank’s quantitative strategists, including Nikolaos Panigirtzoglou, this trend is only going to continue in the long run as more institutional investors take a position in the […] The post JPMorgan: Bitcoin’s Rise Coming at Gold’s Expense; BTC Price Overshot, Bullion Due for Recovery first appeared on BitcoinExchangeGuide.

2020-12-11 00:08


JPMorgan Analysts: Institutional Investors are Behind Bitcoin’s Current Bull Run

In a recent report, Nikolaos Panigirtzoglou, JPMorgan’s analyst affirmed that the recent Bitcoin bull run can be attributed to the influence of institutional investors. Institutional Investors’ Impact on Bitcoin’s Bull Run Per the report, Nikolaos Panigirtzoglou in a document stated that institutional investors are behind the recent bull run.

2019-6-18 01:23


JP Morgan: “Participation by financial institutions in Bitcoin trading appears to be fading”. But is that really a correct claim?

The prolonged cryptocurrency plummet is off putting for institutional players, according to JPMorgan Chase & Co. , suggesting a change of feelings for cryptocurrency markets is happening. “Participation by financial institutions in Bitcoin trading appears to be fading,” analysts including Nikolaos Panigirtzoglou wrote in a research note dated Dec.

2018-12-18 21:31


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