Title: JPMorgan Questions Sustainability of $12 Billion Crypto Inflows
Post by: Bitcoin on Jun 18, 2024, 05:25 am
Post by: Bitcoin on Jun 18, 2024, 05:25 am
JPMorgan Questions Sustainability of $12 Billion Crypto Inflows
JPMorgan analysts have raised concerns about the sustainability of the $12 billion year-to-date inflow into crypto assets, given the current high bitcoin prices relative to production costs and gold. The substantial inflows this year have been primarily driven by spot bitcoin exchange-traded funds (ETFs). However, much of this inflow represents a shift from crypto wallets […]
Source: JPMorgan Questions Sustainability of $12 Billion Crypto Inflows (https://news.bitcoin.com/jpmorgan-questions-sustainability-of-12-billion-crypto-inflows/)
JPMorgan analysts have raised concerns about the sustainability of the $12 billion year-to-date inflow into crypto assets, given the current high bitcoin prices relative to production costs and gold. The substantial inflows this year have been primarily driven by spot bitcoin exchange-traded funds (ETFs). However, much of this inflow represents a shift from crypto wallets […]Source: JPMorgan Questions Sustainability of $12 Billion Crypto Inflows (https://news.bitcoin.com/jpmorgan-questions-sustainability-of-12-billion-crypto-inflows/)