A Slowing of Grayscale Bitcoin Fund Inflows Could Prompt Price Correction: JPMorgan
Grayscale CEO Michael Sonnenshein.
Updated Dec 21, 2020 at 2:10 p.m. UTC
A Slowing of Grayscale Bitcoin Fund Inflows Could Prompt Price Correction: JPMorgan
JPMorgan strategists have said the odds of a bitcoin correction would rise if flows into the Grayscale Bitcoin Trust slow down dramatically.
Such a drop in flows into the largest bitcoin fund would increase the likelihood of a price correction similar to the one seen in the second half of 2019, according to a note from the bank s quantitative strategists led by Nikolaos Panigirtzoglou, as reported by Bloomberg Monday.
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From financial apps to publicly traded funds to crypto-exchanges, there are now a multitude of options for investing in bitcoin.
Bitcoin remains risky and volatile, so individuals should invest small amounts, keep their accounts secure, and think long term.
Bitcoin s dramatic price rise since its 2009 debut is attracting both institutional and individual investors.
Bitcoin is possibly the most fashionable investment of the past decade. It has appreciated in value by anything from 717,900% to just shy of one billion percent (depending on your starting figure) over the last 10 years or so. Either way, it s one of the best-performing financial assets in recent history.