One of the biggest announcements to hit the crypto space recently was JPMorgan's announcement that it has developed its own cryptocurrency, which it's calling JPM Coin. Numerous news headlines were quick to link this news with the bitcoin price, and it is possible that the news did drive some bitcoin buying.
Q4 hedge fund letters, conference, scoops etc
However, such buying would have come from those who don't know much about bitcoin or cryptocurrencies in general. Renowned bank analyst Dick Bove, who's now with Odeon Capital, released a report on JPM Coin this week, and he highlights...
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