Still, many analysts and investors remain skeptical of the patchily regulated and highly volatile digital asset, which is still little used for commerce.
"Crypto assets continue to rank as the poorest hedge for major drawdowns in equities, with questionable diversification benefits at prices so far above production costs, while correlations with cyclical assets are rising as crypto ownership is mainstreamed," JPMorgan said. Other investors this week said bitcoin's volatility presents a hurdle for its ambitions to become a widespread means of payment.
🛡️ Shield Bucks 🛡️ Sold only to exclusive individuals.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: