JPMorgan says inflation concerns, not ETFs, driving Bitcoin price jump

Bitcoin (BTC) broke its all-time high price level following the launch of ProShares’ Bitcoin Strategy exchange-traded fund (BITO) on Tuesday, but JPMorgan Chase strategists believe the key driver behind the price jump is investor concern over inflation.

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Billionaires are backing Bitcoin over gold … but some say Ethereum is even better

Following JPMorgan CEO Jamie Dimon’s recent comments that Bitcoin is worthless, two well known billionaires have leapt to its defense — although both of them say Ether has some even more desirable properties.
During an interview with CNBC’s Squawk Box on Oct.

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Bitcoin’s $100K price target returns as BTC price breaks out of bull pennant

Bitcoin (BTC) looks poised to pursue a run-up towards $100,000 as its price breaks out of a classic bullish structure.
Dubbed as Bull Pennant, the setup represents a price consolidation period with converging trendlines that form after a strong move higher.

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Bitcoin at Make-or-Break Amid JPMorgan Fund Reports | Crypto Briefing

Key Takeaways

JPMorgan is said to be pitching an in-house Bitcoin fund to its clients. 
While JPMorgan CEO Jamie Dimon remains skeptical, he has expressed an interest in satisfying institutional investors. 
Meanwhile, Bitcoin is on the verge of a massive price movement.

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