Crypto’s hot streak for making headlines continues!
This past week, JPMorgan Chase & Co. (NYSE: JPM) announced that it will launch a Bitcoin (BTC, Tech/Adoption Grade “A-”) fund and allow clients to invest in the so-called “King of Crypto.”
In this special four-minute video, crypto asset analysts Alex Benfield and Marija Matic weigh in on the significance of the largest U.S. bank launching this crypto fund, reportedly set to begin this summer.
They also describe the start of an explosive altcoin season. Altcoins are any cryptocurrency other than Bitcoin, and there’s one token that’s the strongest indicator of how dynamic the season will be: Ethereum (ETH, Tech/Adoption Grade “A-”), which is the leading blockchain technology and second largest cryptocurrency.
Alex says that all eyes are on Ethereum right now, which is bound to spark price appreciation elsewhere:
You ought to be paying attention to Ethereum and altcoins over the next few months, and just see the potential for what cryptocurrencies can do.
For a lot of new investors, this will be shocking, what might happen these next few months. There’s a lot of development in Ethereum scheduled to come out before the end of 2021, and I think that’s gonna tie into these price hikes.
Alternative investments to Bitcoin are about to explode.
Marija says upgrades to the Ethereum network will make it an exciting time to invest:
You should pick your “alts” carefully, as a value investment and as a long-term investment. Bitcoin is always the boss and always followed by the altcoins. When the price of Bitcoin falls, altcoins fall even lower. But when Bitcoin jumps, altcoins jump even higher.
Ethereum hasn’t yet done what it has the potential to do in this bull market. Scaling Ethereum network is one of the main topics right now, and since it’s gonna happen in the summer ... I think it might be good for investors to place their bets early!
In this insightful video, Alex and Marija also discuss:
• Dogecoin (DOGE, Tech/Adoption “C+”), the hype around it, and how investors should use it.
• Non-fungible (NFTs) and their future in the crypto space: “The infrastructure that go into making these NFT’s is probably something that will live on.”
• What sector of cryptocurrency will see “huge maturation” within the next few years.
And more!
The information in this short segment couldn’t be timelier. I suggest you watch it now.
Happy investing!
Jessica Borg
Financial Anchor
Weiss Crypto Ratings
