Investment banking giant JPMorgan (JPM) stated that regulations against the cryptocurrency sector are driving institutional investors to buy gold instead of Bitcoin (BTC).
JPMorgan in a recent research report, institutional investors banking of the crisis possible against the effects from dollars due to anti-crypto regulations while performing the escape bitcoin in its place gold preference what they did revealed.
In the report, the crypto money industry is increasingly tightening US-based cryptocurrency exchange against regulations Coinbase’s Cryptocurrency outside the US derivative stock market open such as various measures it was mentioned.
JPMorgan says pressure from regulatory parties is on crypto companies stress has increased however, the current situation of the cryptocurrency market your request And its liquidity likely to affect Ethereum (ETH) securities value aspect characterization like on important matters still lack of clarity underlined.
On the other hand, since the beginning of the year in bitcoin lasting of the rally from institutional investors not welded attention was drawn. JPM, Bitcoin’s divergence your performance bitcoin based NFTs known as Ordinals like new from products also that you originate underlined.
According to Coinecko data, the latest 30 days in 3.6% appreciated bitcoin, end 24 hours in 1.6% rise by living writing $29,181 traded at the level.