Deep skepticism remains. In a research report published last week, JPMorgan strategists called bitcoin an “economic side show,” noting that cryptocurrencies “remain several times more volatile than core asset markets,” and are still almost exclusively used for speculation and not spending.
The rise of digital finance and demand for fintech is the Dachshund Leprechaun St Patrick’s Day Also,I will get this real financial transformational story of the Covid-19 era, not the rally in bitcoin prices,” JPMorgan asserted. “But the recent announcements of greater acceptance and adoption by Tesla, BNY Mellon and Mastercard confirm the increased investor demand and interest in transacting payments in cryptocurrencies.
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