JPMorgan Chase: Mainly cautious about the crypto market this year, but optimistic about the prospects in 2025

Odaily News In a recent report, JPMorgan analysts said they remained largely cautious about the crypto market this year, but turned optimistic about the outlook for 2025, citing a number of factors that could drive further growth in the crypto market, including the rise of the "debasement trade," a trend in which investors turn to alternative asset classes - especially gold and Bitcoin - to hedge against economic instability. Analysts said that with geopolitical tensions rising and the U.S. election approaching, speculative institutional investors such as hedge funds may see gold and Bitcoin as beneficiaries of this trend, but not Ethereum. (The Block)