Bitcoin Safe-Haven Status Declines Rapidly
@JPMorgan signals a shift as bitcoin demand fades, with gold seeing massive inflows and reasserting its safe-haven status. #Update #Crypto $BTC (-6) ↘
JPMorgan
Wells Fargo Predicts JPMorgan Chase Surge
@WellsFargo analyst Mike Mayo forecasts strong Q1 2025 earnings for @JPMorgan, citing deregulation benefits and rapid consumer account growth. Shares at $248, up 3% YTD. #Update #Finance (+4) ↗
Bitcoin: JPMorgan’s and Goldman Sachs’ Profit Power
Investor Tom Lee predicts $BTC could become the most profitable product for @GoldmanSachs and @JPMorgan as the US considers making Bitcoin a reserve asset. #Update #Crypto $BTC (+6) ↗
Crypto Reserve Unlikely XRP SOL ADA Excluded
@JPMorgan warns a U.S. strategic crypto reserve is unlikely, impacting smaller tokens like $XRP, $SOL, and $ADA facing significant challenges. #Update #Crypto $XRP (-4) ↘
Bitcoin: Tether Denies JPMorgan’s Sale Claim
@Tether_to refutes @JPMorgan’s claim it must sell $BTC to comply with US stablecoin regulations, citing strong financials and adaptability #Update #Legal $BTC (-3) ↘ (Cryptoslate)
US Dollar Defies Gravity JPMorgan Predicts
@jpmorgan predicts the US dollar’s strength may persist as the US economy is set to grow by 2.7% in 2024, outpacing other developed markets, potentially impacting Fed rate cuts. #Update #Economy @jpmorgan (+3) →
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