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.
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