Analyst at J.P. Morgan: Bitcoin hype will return to Wall Street

Analyst at J.P. Morgan: Bitcoin hype will return to Wall Street.

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Christian Ploog

christian.ploog@trijo.co

As the importance of blockchain grows, major Wall Street investors will regain interest in the crypto market. This is something that an analyst at the large business bank J.P. Morgan now believes.

It is Nikolaos Panigirtzoglou, an analyst at the American investment bank J.P. Morgan, who now says that large investors on Wall Street can very well regain interest in the crypto market.

“The stability that we are seeing right now in the cryptocurrency market is setting the stage for more participation by institutional investors in the future. The cryptocurrency market was a new market. It went through a bubble phase [and] the burst”, says Nikolaos Panigirtzoglou, according to CNBC.

He believes that interest from Wall Street will come back as the importance of blockchain grows. However, Panigirtzoglou says that it can take time and that the big obstacle right now is regulations, CNBC writes.

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