• Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us
Newsletter
Crypto Hoarding
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us
No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us
No Result
View All Result
Crypto Hoarding
No Result
View All Result
Home Bitcoin

JP Morgan Chase backs Bitcoin, says cryptocurrency better hedge than gold – Republic World

Admin by Admin
October 11, 2021
in Bitcoin
0
JP Morgan Chase backs Bitcoin, says cryptocurrency better hedge than gold – Republic World
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

In a recent note to investors, American investment banking firm, JP Morgan Chase backed Bitcoin and said that the cryptocurrency, which is continually growing in valuation, is a better hedge against inflation than gold. While Bitcoin investors have asserted the same multiple times, JP Morgan Chase’s statement gives considerable backing to such claims.

Investors had earlier stated that the cryptocurrency promises quicker returns than gold and was easily storable for a future value. However, Bitcoin remains highly volatile as it is still part of an unregulated market. The cryptocurrency was trading at $56,480 as of 9 am on October 11.

Related articles

Bitcoin miners struggle with crypto’s price decline, rising energy costs, and increase in mining difficulty – MarketWatch

Bitcoin miners struggle with crypto’s price decline, rising energy costs, and increase in mining difficulty – MarketWatch

July 5, 2022
Bitcoin ‘tourists’ have been purged, only hodlers remain: Glassnode – Cointelegraph

Bitcoin ‘tourists’ have been purged, only hodlers remain: Glassnode – Cointelegraph

July 5, 2022

“Institutional investors appear to be returning to Bitcoin, perhaps seeing it as a better inflation hedge than gold,” JP Morgan’s note reportedly read. “There are tentative signs that the previous shift away from gold into bitcoin seen during most of Q4 2020 and the beginning of 2021 has started re-emerging in recent weeks,” it added.

Dell Technologies founder says blockchain technology is underrated

Earlier, on October 10, the founder of Dell Technologies, Michael Dell, said in an interview that blockchain is underrated. The comment further asserted promise for Bitcoin investors. Dell Technologies has been among the earliest companies in the world to accept Bitcoin as a mode of payment. They started accepting the cryptocurrency in 2014. With advancements in blockchain networking technology, Dell is looking forward to boosting its data infrastructure business by manufacturing high-quality storage drives. 

While the hype around cryptocurrency is increasing worldwide, several companies are planning to accept crypto as a mode of payment in exchange for their services or products. In March 2021, Tesla CEO Elon Musk announced that the electric vehicle manufacturer would start accepting Bitcoin as a mode of payment. However, in May 2021, Musk announced that the company would no longer accept Bitcoins over concerns about the impact of mining on the environment. Other companies that accept Bitcoin include Microsoft, Shopify, Wikipedia and more.

How to buy cryptocurrencies in India?

As of now, investors can use several options to buy Bitcoin and other cryptocurrencies from a known crypto exchange like CoinBase, WazirX and BNS. If an investor is interested in buying cryptocurrency, then they must have or create an account on these exchange platforms selling this cryptocurrency. To start the account creation process, users will be required to submit basic details of the investor, such as their name and their bank account details. Platforms like CoinDesk, WazirX and Binance also need Pan Card verification processes to be completed before starting the trade online. Keep in mind that investing in cryptocurrency is risky because the prices fluctuate continuously.

(Image: AP/ Unsplash)

Share76Tweet47

Related Posts

Bitcoin miners struggle with crypto’s price decline, rising energy costs, and increase in mining difficulty – MarketWatch

Bitcoin miners struggle with crypto’s price decline, rising energy costs, and increase in mining difficulty – MarketWatch

by Admin
July 5, 2022
0

Many bitcoin miners, who expanded operations in 2021 to capture more profits, are now struggling as the crypto’s price crashed....

Bitcoin ‘tourists’ have been purged, only hodlers remain: Glassnode – Cointelegraph

Bitcoin ‘tourists’ have been purged, only hodlers remain: Glassnode – Cointelegraph

by Admin
July 5, 2022
0

So-called “market tourists” are fleeing from Bitcoin (BTC), leaving only long-term investors holding and transacting in the top cryptocurrency, according...

Bitcoin price spikes to $20K as whale bought BTC confirms support – Cointelegraph

Bitcoin price spikes to $20K as whale bought BTC confirms support – Cointelegraph

by Admin
July 4, 2022
0

Bitcoin (BTC) rose to clip $20,000 for the first time in five days on July 4 as the Independence Day...

Bitcoin Recovers to Over $19K; Nomura Warns of US, UK Recession – CoinDesk

Bitcoin Recovers to Over $19K; Nomura Warns of US, UK Recession – CoinDesk

by Admin
July 4, 2022
0

The analysts said they expect Europe, the U.K., Japan, South Korea, Australia, U.S. and Canada to fall into recession. They...

Coinbase Says Miners’ Sales of Newly Minted Bitcoins Don’t Add Significant Market Pressure – CoinDesk

Coinbase Says Miners’ Sales of Newly Minted Bitcoins Don’t Add Significant Market Pressure – CoinDesk

by Admin
July 4, 2022
0

In times of market upheaval and a falling bitcoin price, margins compress across the board, and force more miners to...

Load More
  • Trending
  • Comments
  • Latest
Major Changes Coming to XRP Ledger As Ripple-Backed Startup Launches Key Amendment in Beta Testnet – The Daily Hodl

Major Changes Coming to XRP Ledger As Ripple-Backed Startup Launches Key Amendment in Beta Testnet – The Daily Hodl

April 21, 2021

SteveWillDoIt reveals hacker stole his crypto wallet: “I lost a lot of money” – Dexerto

July 26, 2021
Forte’s PTI gets financial transaction licenses for blockchain games – VentureBeat

Forte’s PTI gets financial transaction licenses for blockchain games – VentureBeat

February 11, 2022
DOGE passes Uniswap and Litecoin to become 8th largest cryptocurrency by market cap – Cointelegraph

DOGE passes Uniswap and Litecoin to become 8th largest cryptocurrency by market cap – Cointelegraph

April 15, 2021
Crypto hackers loot $2 billion in H1 2022 as cybercriminals thrive – Finbold – Finance in Bold

Crypto hackers loot $2 billion in H1 2022 as cybercriminals thrive – Finbold – Finance in Bold

0

Rivals Ripple and R3 partner up | PaymentsSource – American Banker

0
Ripple seeks shelter in D.C. from Libra’s political storm – American Banker

Ripple seeks shelter in D.C. from Libra’s political storm – American Banker

0

Litecoin Gets Bullish Speculation, at Last, as Upgrade Approaches – Coindesk

0
Crypto hackers loot $2 billion in H1 2022 as cybercriminals thrive – Finbold – Finance in Bold

Crypto hackers loot $2 billion in H1 2022 as cybercriminals thrive – Finbold – Finance in Bold

July 5, 2022
Bitcoin miners struggle with crypto’s price decline, rising energy costs, and increase in mining difficulty – MarketWatch

Bitcoin miners struggle with crypto’s price decline, rising energy costs, and increase in mining difficulty – MarketWatch

July 5, 2022
Ripple may benefit from new Supreme Court makeup in XRP lawsuit – FinanceFeeds

Ripple may benefit from new Supreme Court makeup in XRP lawsuit – FinanceFeeds

July 5, 2022
How miners are preparing for Ethereum’s Merge and the implications on ETH price – FXStreet

How miners are preparing for Ethereum’s Merge and the implications on ETH price – FXStreet

July 5, 2022
Crypto Hoarding

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Categories tes

  • Bitcoin
  • Blockchain
  • Cryptocurrency Hackers
  • Ethereum
  • Litecoin
  • Ripple

Newsletter

[mc4wp_form]

  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us

© 2017 JNews - Crafted with love by Jegtheme.

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us

Copyright (c) 2021 - Crypto Hoarding - All Rights Reserved - web design by TechyRack