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Investment companies say in JPMorgan research that cryptocurrencies are "rat poison" and fad.

Nearly half of investment companies surveyed by JPMorgan consider the emerging asset class encompassed by cryptocurrencies as "rat poison" or consider it a passing fad, the US bank said on Wednesday. Only 10% of institutional investors consulted trade cryptocurrencies. Bitcoin fell to its lowest level in five months on Tuesday, amplifying losses generated by China's surveillance campaign against the production and trading of cryptocurrencies. This Wednesday, however, bitcoin rose 6.8% around 10:30 am (Eastern time), to 34,771 dollars. Of companies that don't invest in cryptocurrencies, 80% don't expect to start doing so, according to research conducted by JPMorgan's Macro, Quantitative and Derrivatives conference. The event brought together around 3,000 investors from around 1,500 institutions. However, asked about their personal investments, 40% of investors said they are active in digital currencies. Based on the text by: LONDON (Reuters) Mark 2 friends in the comments! #meijicoin #meiji #meijishirine #WavesExchange #trader #JPMorgan #Google #Dogecoin #Binance #Coinbase #OKex #Kraken #ElonMusk #Tesla #Spacex #Amazon #PayPal #EmperorNaruhit2 #DEX #SEGA #crypto #cryptocurrency #cryptotrading #blockchain #investors #cryptoexplorer #cryptocurency


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