https://cointelegraph.com/news/jpmorgan-report-endorses-1-allocation-to-bitcoin-as-a-hedge
JPMorgan Consumer Notice Promotes The 1% Allocation of Bitcoin as a Hedge
Cryptocurrency Investor – Jamie
Bitcoin can operate as a safeguard against volatility in conventional assets.
Wall Street banking titan JPMorgan strategists indicated that a 1% portfolio exposure to Bitcoin would act as a protection against volatility in conventional asset groups like stocks, bonds, and commodities.
A limited percentage distribution is recommended to mitigate the possibility of any significant decline in Crypto asset management and an asset’s value. The price to buy Bitcoin has fallen 20% from its all-time high of over $58,000 on Feb. 21, but it is up 60% from the beginning of this year. As per Bloomberg, JPM economists Joyce Chang and Amy Ho mentioned:
“In a multi-asset portfolio, investors can likely add up to 1% of their allocation to cryptocurrencies in order to achieve any efficiency gain in the overall risk-adjusted returns of the portfolio.”
The endorsement comes in the wake of big Bitcoin acquisitions by Paul Tudor Jones, Stan Druckenmiller, Tesla, and MicroStrategy. The study added that BNY Mellon (Bank of New York Mellon Corporation) has confirmed plans to hold, move and offer digital assets to its customers.
JPMorgan economists stated that Crypto assets should be viewed as investment instruments and not to finance currencies like USD or JPY. The remarks seem to counter those made earlier in the month by other investment bank analysts who said that “crypto assets continue to rank as the poorest hedge for major drawdowns in equities.”
Talking to CNBC on Feb. 17, Ark Investment Management's Cathie Wood noted that if both companies put 10% of their cash into Bitcoin, it would contribute $200,000 to the asset's worth.
Cryptocurrency transactions rose in 2021 and it is not just the institutions that are stocking up. Trading company Robinhood announced that around 6 million new customers have purchased Cryptocurrencies on the site for the first two months of this year.
The estimates have dwarfed those for the previous year, suggesting that, amid the recent correction, the bullish momentum in the retail sector is still highly active. At the time of publication, the cost to buy BTC had fallen another 7% to $47,100 in exchange over the last 24 hours.
If you are looking to buy and sell Cryptocurrency or wanting to find the best place to buy Bitcoin, you can register with BC Bitcoin to start trading Crypto today.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards