{"id":38453,"date":"2021-03-07T11:32:08","date_gmt":"2021-03-07T09:32:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=38453"},"modified":"2025-08-30T04:45:02","modified_gmt":"2025-08-30T01:45:02","slug":"jpmorgan-sees-demand-for-bitcoin-from-institutional-investors","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/jpmorgan-sees-demand-for-bitcoin-from-institutional-investors\/","title":{"rendered":"JPMorgan Sees Demand for Bitcoin from Institutional Investors"},"content":{"rendered":"<p>Joyce Chan, head of research at JPMorgan, in an interview with <a href=\"https:\/\/www.cnbc.com\/2021\/03\/05\/fintech-is-coming-into-the-mainstream-from-the-pandemic-jpmorgan.html\" target=\"_blank\" rel=\"noopener\">CNBC<\/a> noted that the bank had for the first time seen demand for Bitcoin from institutional investors.<!--more--><\/p>\n<p>Meanwhile, the analyst expressed concerns about the valuation of the leading cryptocurrency, whose market capitalization has risen by $700 billion since September, while inflows totalled only $11 billion.<\/p>\n<p>Earlier, she, along with colleague Amy Ho, recommended bank clients <a href=\"https:\/\/u1f987.com\/en\/news\/jpmorgan-analysts-urge-investors-to-allocate-part-of-their-portfolios-to-bitcoin\">to allocate 1% of their portfolio<\/a> in Bitcoin and other cryptocurrencies as a hedge against equities, bonds and commodities.<\/p>\n<p>Chan believes that demand for alternatives to traditional investments will persist, but with respect to Bitcoin as a hedge against market declines she noted:<\/p>\n<blockquote>\n<p>&#8220;Right now, during a serious drawdown in capital, we haven&#8217;t seen it as an effective hedge.&#8221;<\/p>\n<\/blockquote>\n<p>She reaffirmed her view of <a href=\"https:\/\/u1f987.com\/en\/news\/jpmorgan-urges-abandoning-bitcoin-in-favour-of-fintech\">the intensifying competition between fintechs and traditional banks<\/a> amid the pandemic.<\/p>\n<blockquote>\n<p>&#8220;Financial technology is becoming mainstream after this pandemic, as there is real demand for digital services \u2014 fewer in-person transactions,&#8221; says Chan.<\/p>\n<\/blockquote>\n<p>Earlier, JPMorgan said it was ready <a href=\"https:\/\/u1f987.com\/en\/news\/jpmorgan-signals-readiness-to-add-bitcoin-support-if-demand-materialises\">to support Bitcoin trading<\/a> should there be client demand.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Joyce Chan, head of research at JPMorgan, told CNBC that the bank had for the first time seen demand for Bitcoin from institutional investors.<\/p>\n","protected":false},"author":1,"featured_media":38454,"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":[1156,229,1138],"class_list":["post-38453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-institutional-investors-and-whales","tag-jpmorgan","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38453","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=38453"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38453\/revisions"}],"predecessor-version":[{"id":38455,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38453\/revisions\/38455"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/38454"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=38453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=38453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=38453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}