Bitcoin Price Correction Possible if Inflows Into Grayscale’s Bitcoin Fund Drop: JPMorgan Analysts

3 years ago 2167
A bitcoin price correction could occur if the flows into Grayscale’s Bitcoin Trust (GBTC) slow down significantly, according to strategists at JPMorgan Chase, led by Nikolaos Panigirtzoglou. According to Bloomberg, the strategists wrote late last week that GBTC’s assets under management climbed from $2 billion at the start of December 2019 to over $1.1 billion, […]
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