JPMorgan Chase Investment Strategy Chairman: No matter how Bitcoin expands, how popular can not make people satisfied

Time:2022-02-14 05:00 Source:Internet Copy share

Michael Cembalest, chairman of investment strategy at financial giant JPMorgan, said in a recent interview that he is not crazy about the world of Bitcoin and cryptocurrencies, suggesting that despite how Bitcoin expands, and how popular it is, the currency won’t make everyone happy. Satisfied. Cembalest said the views expressed were his own and not those of JPMorgan. Dislike the world's number one digital currency for two reasons. The first is because of its volatility, which he said prevents Bitcoin from “entering the range consistent with value investing.” Another reason is because Bitcoin has not proven itself as a hedge against inflation as many analysts would have us believe.

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