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JP Morgan Analysts Want You to Short Coinbase and, by Extension, Bitcoin, but Do They Really?

NewsTech

Published:

Spot Bitcoin ETFs JP Morgan

Wall Street is quite notorious for not always walking the talk: its analysts might publicly recommend a particular course of action, but that does not necessarily mean that the banks' internal trading teams follow that "fount of wisdom." A recent investment note from JP Morgan has again raised the proverbial hackles of Bitcoin bulls, especially as the note hammers on a thesis that is superficially accurate but lacks proper context. Short Coinbase $COIN, says JPMorgan, as Bitcoin ETF volumes disappoint: "Highlighting our more bearish view on COIN, with 2024 expected to be more challenging with the key catalyst of a […]

Read full article at https://wccftech.com/jp-morgan-analysts-want-you-to-short-coinbase-and-by-extension-bitcoin-but-do-they-really/

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