🚀 JPMorgan Casts Doubt on Crypto Rally

posted  9 Nov 2023
Photo - JPMorgan Casts Doubt on Crypto Rally
They point to some key factors:

  1. They question whether there is genuinely new capital entering the crypto market or if existing capital is just shifting into the newly-approved ETFs.
  2. JPMorgan emphasize that spot bitcoin ETFs already exist in Canada and Europe but have attracted limited interest from investors since their launch.
  3. Additionally, despite the SEC’s losses in its legal battles with Ripple and Grayscale, the analysts remain uncertain about the possibility of future easing of crypto regulations.