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

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

In a regular memo for investors, JPMorgan argued that cryptocurrencies like Bitcoin are an “economic side show” and the poorest hedge against a decline in equity prices, Reuters reports Friday.

Source: CoinGecko