Bitcoin is 'economic side show' and poor hedge against stocks: JP Morgan

Bitcoin is 'economic side show' and poor hedge against stocks: JP Morgan

3 years ago
Anonymous $rH7oE7DjRg

https://www.reuters.com/article/us-crypto-currency-bitcoin/bitcoin-is-economic-side-show-and-poor-hedge-against-stocks-jp-morgan-idUSKBN2AJ0GC

Bitcoin is an "economic side show" and a poor hedge against a decline in equity prices, analysts at JP Morgan said in a sobering assessment that could undercut the cryptocurrency's rise to record highs.