Crypto News

JPMorgan's Analysis of Bitcoin's Price Potential JPMorgan's Global Markets Strategy team released a report stating that the potential for a significant surge in Bitcoin's price is not expected. They believe that the recent decline in interest for spot Bitcoin ETFs, coupled with the lack of participation from institutional investors, will likely limit any potential upside for the cryptocurrency. Declining Interest in Spot Bitcoin ETFs JPMorgan's report highlights the decreasing interest in spot Bitcoin ETFs, which are investment vehicles that track the price of Bitcoin. The decline in interest is mainly due to the growing popularity of other investment vehicles, such as futures contracts and options, which offer better liquidity and more regulated trading environments. This shift in investor preference has resulted in a decrease in demand for spot Bitcoin ETFs, leading to a limited potential for price growth. Lack of Institutional Participation Another fact...