Banking giant JPMorgan will allow clients to buy Bitcoin, CEO Jamie Dimon said at the firm’s annual investor day. Speaking to CNBC, Dimon said clients would soon be able to buy Bitcoin, though the bank itself won’t hold the asset. “We’re not going to custody it,” he noted, adding only that Bitcoin will appear “in … Read more
Introduction February witnessed a downturn in Bitcoin (BTC) mining economics, with JPMorgan analysts highlighting mounting pressure on miners. For strategic investors, however, this often signals an opportunity to take advantage of market inefficiencies. Mining challenges can serve as early indicators of shifts in Bitcoin’s supply-demand dynamics, potentially unlocking strategic entry points. Factors Impacting Bitcoin Mining … Read more
JPMorgan analysts believe that Tether will have to sell some of its assets in order to comply with US stablecoin regulations. In fact, the analysts suggested that Tether sell Bitcoin, precious metals, corporate paper, and secured loans. Tether being the largest stablecoin company could find itself in trouble over newly introduced regulations. The STABLE Act … Read more