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06 March 2021

Crypto is ‘poorest hedge’ for drawdowns in equities, JPMorgan analysts say

Crypto is ‘poorest hedge’ for drawdowns in equities, JPMorgan analysts say


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Analysts at American investment bank JPMorgan Chase have delivered another skeptical statement on Bitcoin (BTC), arguing that its current price is much higher than its fair value.

In January 2021, JPMorgan strategists John Normand and Federico Manicardi argued that Bitcoin has been becoming a cyclical asset, opposed to a hedge against market stress.

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