{"id":36222,"date":"2021-02-10T17:42:47","date_gmt":"2021-02-10T15:42:47","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=36222"},"modified":"2025-08-29T05:15:33","modified_gmt":"2025-08-29T02:15:33","slug":"jpmorgan-corporations-will-not-buy-bitcoin-after-teslas-move","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/jpmorgan-corporations-will-not-buy-bitcoin-after-teslas-move\/","title":{"rendered":"JPMorgan: Corporations will not buy Bitcoin after Tesla’s move"},"content":{"rendered":"

JPMorgan analysts suggested that major companies would not follow Tesla’s lead and would not invest in Bitcoin due to the asset’s high volatility. Bloomberg<\/a> reports.<\/p>\n

According to strategist Nikolaos Panigirtzoglou, corporate portfolios typically consist of bank deposits and short-term bonds, which show annual fluctuations of about 1%.<\/p>\n

JPMorgan is confident that adding Bitcoin \u201cwould entail a substantial increase in the volatility of the entire portfolio.\u201d<\/p>\n

\n

\u201cRegardless of how many corporations follow Tesla’s lead, there is no doubt that the breakout of digital gold above $40,000 has been driven by the company’s statement. The rally’s durability will depend on less speculative institutional investments,\u201d said Panigirtzoglou.<\/p>\n<\/blockquote>\n

On February 8 it was announced that Tesla invested $1.5 bn in Bitcoin<\/a>, after which the asset’s price began to rise sharply and in less than a day surpassed the $48,000 mark. At the time of writing, the first cryptocurrency was trading around $45,300.<\/p>\n

Former head of the Office of the Comptroller of the Currency (OCC) in the U.S. Treasury Brian Brooks called Tesla’s Bitcoin investment captivating and terrifying at the same time<\/a>.<\/p>\n

Former Goldman Sachs investment chief Gary Black sold shares of the EV maker<\/a> after the company shifted part of its reserves into digital gold.<\/p>\n

In January, JPMorgan analysts opposed Bitcoin as an alternative to gold<\/a> and described the digital asset as riskier than the precious metal.<\/p>\n

Subscribe to ForkLog news on Telegram: ForkLog Feed<\/a> \u2014 the full news stream, ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"

Analysts at JPMorgan suggested that large companies would not follow Tesla’s example and would not invest in Bitcoin due to the asset’s high volatility. Bloomberg reports.<\/p>\n","protected":false},"author":1,"featured_media":36223,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[52,229,1138,1319],"class_list":["post-36222","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-investments","tag-jpmorgan","tag-opinions","tag-tesla"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=36222"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36222\/revisions"}],"predecessor-version":[{"id":36224,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36222\/revisions\/36224"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/36223"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=36222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=36222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=36222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}