✉news BusinessCrypto first seen 23 h ago, last 15 h ago, peak #20
JPMorgan reverses its Bitcoin stance
Original: JPMorgan's Bitcoin stance has done a U-turn: from threatening to fire traders to forecasting it'll beat stocks and gold
JPMorgan has shifted from once threatening to dismiss traders who bought Bitcoin to now forecasting the cryptocurrency will outperform stocks and gold. The bank's analysts have turned notably positive on Bitcoin in recent research, marking one of the most striking reversals among major Wall Street institutions on digital assets.
Why now: The bank's dramatic reversal from hostility to bullish forecasts on Bitcoin surprises markets and fuels debate about institutional adoption of crypto.
Rank over time, top of the chart is #1. 7 snapshots from 23 h ago to 15 h ago.
Evidence
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