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JP Morgan: Bitcoin’s recent outperformance is driven by institutional demand

JP Morgan: Bitcoin’s recent outperformance is driven by institutional demand

Cointime2023/10/26 10:30
By: Cointime
BTC-0.70%

Recent outstanding performance of Bitcoin is driven by institutional demand, as stated in a research report by JPMorgan on Wednesday. The report indicates that a large amount of Bitcoin has flowed into larger wallets, indicating demand from institutional investors.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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