Jamie Dimon Joins Resistance Of Bitcoin Skeptics

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Mark Melin
Published on
Updated on

Jamie Dimon isn’t the only one to question bitcoin. On the day the outspoken JPMorgan chief told the world bitcoin was a “fraud,” a Bank of America Merrill Lynch Global Fund Manager Survey shows that large asset managers were also giving the cryptocurrency with a side eye calling it the most crowded trade. The survey pointed to numerous topics of the day, such as what fund managers view as a market mis-perception around volatility and the British pound. The most significant tail risk, which has been a roller coaster of topics throughout the year, is now focused on a common…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.