Old song: Executive Director of JP Morgan called the Bitcoin bubble
Source:
Almost immediately after the negative stock market from CNBC at JP Morgan has published another «exposing» . It belongs to one of the most famous people on wall street. They turned out to be managing Director of the same investment Bank, Jan Lois.
In a recent interview, Lois suddenly said that cryptocurrencies have all the signs of a bubble. He compared the behavior of its prices with shares of major companies in the 90-ies and said «questionable usefulness» use crypt in practice.
theBitcoin — bubble?
It Seems that the team of JP Morgan not to impress even the serious technical improvements of Bitcoin that the cryptocurrency received in 2018. Lois claims that neither Lightning Network, nor mass adoption of BTC among the major investors are unable «to give the crypt a place in the portfolio of reliable global assets».
The Words of the managing Director JP Morgan to coincide with the point of view of Nouriel Roubini, who recently in Davos. Recall that the main enemy of Bitcoin called the crypt and the blockchain «useless technology». Jan Lois believes that cryptography is unlikely to have the chance to transform the modern financial system.
However, some experts still believe in change on wall street. «business Sharks» not used to risk their funds just, therefore, to invest they need a reliable and proven tools.
Source: Reddit
Such instruments can be exchange-traded bonds on the Bitcoin. According to the head of the Board of Directors of CBOE Edward Tilly, ETN in the crypt of a good catalyst, which will return the interest of players from wall street to Bitcoin. Besides, bonds will also facilitate the lives of ordinary traders, as they have a low threshold of entrance for first investments.
To Follow the Bitcoin exchange rate and do not miss the next «bubble» to help our . Today Bitcoin is trading at $ 3,600.
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