Bitcoin. The sharp drop in volatility brings institutional blessing closer The increased control of volatility that bitcoin demonstrated in recent weeks opens the door to institutional participation in the cryptocurrency, according to JP Morgan. "These tentative signs of normalisation in bitcoin volatility are encouraging," the house's strategists, including Nikolaos Panigirtzoglou, wrote in a report signed Thursday and accessed by finanzas.com. "In our view, lower volatility would likely help revitalise institutional interest in bitcoin going forward." Discover How you can get started today as a complete beginner, without being technical or having any investing or trading knowledge at all. CLICK HERE TO GET THIS FREE MASTERCLASS! Bitcoin volatility: from 90% to 73%. Three-month volatility for the cryptocurrency has fallen to 86% after rising above 90% in February, writes JP Morgan. The six-month measure appears to be stabilising at around 73%. As it declines, more institutions could move into the crypto space, according to these strategists. The currency's volatility has kept institutions away, something that has been a key consideration for risk management: the higher the volatility of an asset, the more risk capital consumed by it. For example, none of the largest banks in the US currently provide direct access to bitcoin or its counterparties. Still, traditional Wall Street firms are showing increased interest in the currency, especially after initialling a 300% jump in 2020 and a 100% jump in the first quarter of 2021. Bitcoin divides Spanish banks Spanish banks' positions are more heterogeneous than those of their US counterparts, as was seen at the private banking forum organised by INVERSIÓN magazine. At Sabadell Urquijo Banca Privada they maintain that they are "very attentive to cryptocurrency, we will end up having it in our portfolios with total certainty", said Pedro Dañobeitia, general manager of the subsidiary. Other institutions such as BBVA and Banco Santander were more cautious. BANKERS AND BITCOIN. The country's largest fund managers to provide investors with guidance on funds and ESG. And if you are looking for reliable opinions on bitcoin, pay attention to the summary of the final debate (video INVERSIÓN).
Bitcoin. The sharp drop in volatility brings institutional blessing closer
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