Bitcoin Could Experience A Resurgence Of Interest On Wall Street: JPMorgan Strategist
JPMorgan’s Global Market Strategist Nikolaos Panigirtzoglou says that Bitcoin could make a resurgence on Wall Street, according to an article published by CNBC on Feb 6.”The stability that we are seeing right now in the cryptocurrency market is setting the stage for more participation by institutional investors in the future,” said Panigirtzoglou, “The cryptocurrency market was a new market. It went through a bubble phase [and] the burst.”
Many have predicted that increased involvement from institutional investors on Wall Street would inject much-needed capital into the cryptocurrency space, particularly after markets suffered a bear year in 2018.
Twitter’s CEO Jack Dorsey remains optimistic about the future of Bitcoin as it is purportedly the only cryptocurrency that he owns.
Dorsey said that Bitcoin had a “Great brand” and that, “Bitcoin is resilient. Bitcoin is principled. Bitcoin is native to internet ideals.”
Dorsey has gone so far as to say that Bitcoin will become the world’s single currency within a decade, stating, “The world ultimately will have a single currency, the Internet will have a single currency. I personally believe that it will be Bitcoin.”
Miranda Karanfili’s original article for cointelegraph.com reduced by 39%
Related story: Little-Known Resistance May Be Blocking Bitcoin Price Bounce
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