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JPMorgan note to clients endorses 1% allocation to Bitcoin as a hedge

Published 02/25/2021, 09:47 PM
Updated 02/25/2021, 11:20 PM
JPMorgan note to clients endorses 1% allocation to Bitcoin as a hedge
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Strategists at Wall Street banking giant JPMorgan (NYSE:JPM) have suggested that a one percent portfolio allocation to Bitcoin would serve as a hedge against fluctuations in traditional asset classes such as stocks, bonds, and commodities.

A small percentage allocation was advised to mitigate the risk of any large downturns in the digital asset’s value. Bitcoin has declined 20% since its all-time high of over $58,000 on Feb. 21 but it is up 60% since the beginning of this year.

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