JPMorgans Michael Cembalest Isnt Crazy About BTC - BitcoinEthereumNews.com
Bitcoinजेपी मॉर्गन के माइकल सेम्बलेस्ट बीटीसी के बारे में पागल नहीं हैं02 / 13 / 2022बिटकॉइन एथेरियम समाचार Michael Cembalest – chairman of investment strategy for financial giant JPMorgan – said in a recent interview that hes not crazy about bitcoin and the world of crypto, suggesting that despite how much bitcoin expands and how popular it becomes, the currency is not going to rub everyone the right way. Michael Cembalest Cant Justify Crypto Excitement Throughout the interview, Cembalest stated that the opinions expressed were his own and not those of JPMorgan. He says hes not a fan of the worlds number one digital currency for two reasons. The first is because of its volatility, which he says prevents bitcoin from “settling into a range consistent with store of value investing.” The other reason is because bitcoin has not proven itself to be a hedge against inflation, like so many analysts would have us believe. उन्होंने टिप्पणी की: Bitcoins volatility continues to be ridiculously high, and its volatility often rises when equity market volatility is rising, too. This volatility could be the byproduct of bitcoin concentration as two percent of bitcoin holders own 72 percent of its value. He also says that there are far too