{"id":36877,"date":"2021-02-23T11:13:28","date_gmt":"2021-02-23T09:13:28","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=36877"},"modified":"2025-08-29T08:34:50","modified_gmt":"2025-08-29T05:34:50","slug":"jpmorgan-urges-abandoning-bitcoin-in-favour-of-fintech","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/jpmorgan-urges-abandoning-bitcoin-in-favour-of-fintech\/","title":{"rendered":"JPMorgan urges abandoning Bitcoin in favour of fintech"},"content":{"rendered":"

Bitcoin is at most an \u201ceconomic spectacle,\u201d and the main upshot of the COVID-19 pandemic will be the rise of fintech. This is the view presented in a new JPMorgan analyst report, according to <\/span>CNBC<\/span><\/a>.<\/span><\/p>\n

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\u201cThe real story of COVID-19 is fintech innovations and the rising demand for digital services that have pushed digital platforms to add payment and lending services\u201d<\/span><\/i>, the experts stressed.<\/span><\/p>\n<\/blockquote>\n

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Experts expect intensified competition between fintechs and traditional banks, as the latter ramp up investments to bridge the technological gap and lobby for regulatory constraints. JPMorgan believes fintechs have a better chance of winning this fight due to their broad deposit bases, risk management and regulation.<\/span><\/p>\n

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Experts noted unresolved issues with Bitcoin that could prevent it from becoming a popular asset, despite the impressive rally in recent weeks.<\/span><\/p>\n

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Analysts allowed for Bitcoin to rise to $146,000 amid competition with gold as an inflation hedge.<\/span><\/p>\n

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They added that the realization of this forecast depends on Bitcoin’s volatility. Its value would have to fall to the level of the main precious metal, a process that may take years. Otherwise the price of Bitcoin will remain unstable.<\/span><\/p>\n

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In JPMorgan they doubt the capabilities of cryptocurrencies to diversify investment portfolios, calling them an \u201cinadequate hedge\u201d.<\/span><\/p>\n

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Earlier, JPMorgan analysts had criticized bitcoin for its volatility.<\/span> \u043a\u0440\u0438\u0442\u0438\u043a\u043e\u0432\u0430\u043b\u0438 \u0431\u0438\u0442\u043a\u043e\u0438\u043d \u0437\u0430 \u0435\u0433\u043e \u0432\u043e\u043b\u0430\u0442\u0438\u043b\u044c\u043d\u043e\u0441\u0442\u044c<\/span><\/a>. In their view, \u044d\u0442\u043e \u0432\u044b\u0441\u0442\u0443\u043f\u0430\u0435\u0442 \u043f\u0440\u0435\u043f\u044f\u0442\u0441\u0442\u0432\u0438\u0435\u043c<\/span><\/a> \u0434\u043b\u044f \u0440\u0430\u0437\u043c\u0435\u0449\u0435\u043d\u0438\u044f \u043a\u043e\u0440\u043f\u043e\u0440\u0430\u0446\u0438\u044f\u043c\u0438 \u0440\u0435\u0437\u0435\u0440\u0432\u043e\u0432 \u043b\u0438\u043a\u0432\u0438\u0434\u043d\u043e\u0441\u0442\u0438 \u0432 \u043a\u0440\u0438\u043f\u0442\u043e\u0432\u0430\u043b\u044e\u0442\u0435.<\/span><\/p>\n

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Earlier, JPMorgan expressed willingness <\/span>to support trading of the first cryptocurrency<\/span><\/a> when there is demand from clients.<\/span><\/p>\n

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Subscribe to ForkLog news on VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin is at most an ‘economic spectacle’, and the main outcome of the COVID-19 pandemic will be the rise of fintech. This view was presented in a new JPMorgan analyst report, CNBC reports.<\/p>\n","protected":false},"author":1,"featured_media":36878,"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":[1229,480,229,1138],"class_list":["post-36877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-banks-and-fintech","tag-bitcoin-price","tag-jpmorgan","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36877","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=36877"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36877\/revisions"}],"predecessor-version":[{"id":36879,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36877\/revisions\/36879"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/36878"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=36877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=36877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=36877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}