JPMorgan analyst warns investors to sell crypto – Explained

JPMorgan analyst warns investors to sell crypto - Explained

When it comes to cryptocurrency, a JP Morgan analyst has issued a strong warning to investors: “Sell now!” The post Here’s Why You Should Care About Cryptocurrencies appeared originally on Coinpedia – Fintech, Cryptocurrency, and Blockchain Industry News, Media, and Guide

Once the crypto markets showed signs of recovery and investors breathed a sigh of relief, the value of the most popular cryptocurrencies, such as Bitcoin and Ethereum, began to fall again. The value of all cryptocurrencies as a market fell below $1 trillion.

The statement by Powell, in which he pledged to keep the hawkish monetary policy established earlier this year for a longer time in order to limit excessive inflation, may have contributed to the resurgence of the bearish pressure.

It’s also worth noting that the substantial quantitative tightening measures and the elimination of free money in the markets are direct results of Powell’s long-term hawkish posture. Analysts are divided on whether or not the Fed’s strong posture will cause a recession in the United States.

They must decide whether to sell or make a profit.

In light of the Federal Reserve’s tough approach, JPMorgan decided to talk to its shareholders.

JPMorgan Asset Management’s chief global strategist David Kelly has warned investors to prioritize values over speculation in assets like cryptocurrencies.

The economy is teetering on the brink of a recession at the moment. Given the current state of affairs, it is prudent to do a valuation analysis. Be sure to prioritize low price-to-earnings ratio stocks and companies with strong fundamentals, both domestically and abroad.

Kelly forecasts a return to prominence for value stocks.

He recommended that investors shift their focus away from growing equities and toward selling cryptocurrency. Kelly suggests getting out of large-cap technology stocks and selling Bitcoin and other cryptocurrencies.

Problem with liquidity: This year has been a frenzy of development for Bitcoin and the broader cryptocurrency market. Due in large part to the overleveraged cryptocurrency market and the liquidity crisis, the market experienced a big correction in the second quarter.

“Risking” Bitcoin and the larger cryptocurrency market gained traction in July, but since the Fed’s comments, the market has retreated sharply. Kelly believes the instability will persist, and a recession is a distinct possibility.

Alert Year: He thinks the economy will be back to normal by the end of 2023. He said the Fed was making the economy sound better than it was in order to make up for the fact that inflation had risen on their watch.

Orizu Augustine
Orizu Augustine is an experienced crypto writer working for Alltechcraft. Having passion for writing, he covers news articles from blockchain to cryptocurrency and iPhone and Samsung related articles.