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Cryptocurrencies will suffer massive losses as the Fed ends ‘crazy’ speculation by hiking rates, JPMorgan strategist says
- February 17, 2022
- Posted by: MasterAdmin
- Category: Cryptocurrency
Bitcoin has tumbled since hitting a record high in November.
Marvin Recinos/Getty Images
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.…