jpmorgan

Bitcoin has tumbled since hitting a record high in November.

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Cryptocurrencies are likely to plunge even further as the Fed hikes interest rates, a senior JPMorgan strategist said.
“At some stage, I expect to see massive losses in crypto, because there is nothing there,” David Kelly told Insider.
Kelly’s crypto skepticism may not be universally shared at JPMorgan, which ventured into the metaverse Tuesday.…