Crypto is ‘poorest hedge’ for drawdowns in equities, JPMorgan analysts say By Cointelegraph


Crypto is ‘poorest hedge’ for drawdowns in equities, JPMorgan analysts say

Analysts at American investment bank JPMorgan Chase (NYSE:) have delivered another skeptical statement on (BTC), arguing that its current price is much higher than its fair value.

In a regular memo for investors, JPMorgan argued that cryptocurrencies like Bitcoin are an “economic side show” and the poorest hedge against a decline in equity prices, Reuters reports Friday.

Source: CoinGecko