Recently, the flow of some fundamental research on crypto from US investment giants is very surprising. Clearly the phase of recognition and legalization of crypto is beginning.
So analysts at JPMorgan in their new report highlighted the key catalysts that could impact the crypto market in the near term. We highlighted four main points from there:
-Seasonal trend (So-called Uptober is coming soon)
-Interest rate cuts in the U.S.
-Bitcoin ETF options approval
-A future Ethereum update called Pectra
We have already discussed the first three events in quite a bit of detail here, but we will try to write about Pectra in the coming days.
Recall that earlier another financial monster, BlackRock, published a whitepaper in which it positions the Bitcoin ETF as a “unique diversifier” that can hedge against fiscal, monetary and geopolitical risks. This may be the first serious study on the nature of BTC in a format understandable to institutional investors.