JPMorgan strategist urges investors to get rid of bitcoin

Bitcoin (BTC) strengthened to $20,304 in midweek, but among experts, many believe investors need to dump the cryptocurrency.
JPMorgan strategist David Kelly urges traders to start selling BTC as soon as possible. In his opinion, in the near future the crypto market will be in the red zone again, and bitcoin will inevitably update the minimums.
The analyst said that Friday’s speech by Fed President Jerome Powell should be seen as the first signal for an even tighter monetary policy. Now it is necessary to concentrate on the game on short distances. In this case it is possible to exit the asset quickly, minimizing the risks.

Leave a Comment