JPMorgan Asset Management Chief Slams Bitcoin in ‘Maltese Falcoin’ Report
In his 30-page investigation that riffs on the 1941 film “The Maltese Falcon,” Michael Cembalest, J.P. Morgan Asset & Wealth Management’s chairman of market and investment strategy, slams blockchain and crypto to say bitcoin’s lofty valuations are the “stuff that dreams are made of.”
Stacks Co-Founder on Launching ‘Trust Machines’ to Open Up to Web 3
Trust Machines, co-founded by Stacks founder Muneeb Ali, has raised $150 million in funding for expanding Bitcoin as a platform for Web 3 applications. Ali shares insights into the launch of Trust Machines and the implications for the future of Bitcoin’s infrastructure.
Goldman Sachs: Bitcoin, Altcoins to Become More Correlated With Traditional Financial Market Variables
In a report Thursday, Goldman Sachs said mainstream crypto adoption can raise valuations but also raise correlations with other financial market variables, reducing the diversification benefits of holding digital assets. “The Hash” hosts dig into the report, discussing whether bitcoin moves in sync with the traditional markets.
