JPMorgan: Crypto Trumps Real Estate As ‘Preferred Alternative Asset Class’ PlatoBlockchain Data Intelligence. Vertical Search. Ai.

JPMorgan: A Crypto Trumps Real Estate, mint „preferált alternatív eszközosztály”

Időbélyeg: 25. május 2022. 4:56
Jamie Dimon, CEO, JPMorgan Chase
  • Lagged repricing keeps bank more cautious on private equity, private debt and real estate, according to a JPMorgan report
  • There’s little evidence of crypto venture funding drying up after Terra’s collapse, bank analysts say

Digital assets have replaced real estate as JPMorgan’s “preferred alternative asset class,” the bank said in a report Wednesday. 

Public markets have already priced in significant recession risks, and digital assets have re-priced, following the collapse of TerraUSD (UST), according to JPMorgan analysts. 

An algorithmic stablecoin designed to maintain a one-to-one peg to the US dollar, UST traded around 9 cents Wednesday afternoon. 

“A potential lagged repricing keeps us more cautious on private equity, private debt and real estate over the coming quarters,” analysts wrote. “We thus replace real estate with digital assets as our preferred alternative asset class along with hedge funds.”

The analysts’ fair value for bitcoin remained unchanged at roughly $38,000, “implying significant upside for digital assets from here.”

Bitcoin was trading at about $29,700 at 4 p.m. ET on Wednesday, according to Blockworks data.

Though the Terra crash has soured sentiment among investors, JPMorgan analysts said there have been relatively limited spillovers to other stablecoins and DeFi more broadly. 

Venture capital funding in the crypto space will be a key metric to watch, they added. Of the $25 billion of venture capital funding so far in 2022, nearly $4 billion came after Terra’s crash.   

“If VC funding dries up from here as a result of the loss of confidence from the collapse of Terra’s ecosystem, then a return to the long winter of 2018/2019 would look more likely for crypto markets,” analysts wrote. “Thus far there is little evidence of VC funding drying up post Terra’s collapse.”

JPMorgan stratégiai beruházást hajtott végre februárban a TRM Labs blokklánc hírszerző cégben. 
A hónap elején a cég virtuális társalgót mutatott be a blokklánc alapú Decentraland világban. A bank egy akkori jelentésében azt mondta, hogy a metaverzumnak 1 billió dolláros éves bevétele van, mivel az alkotók egyre gyakrabban fordulnak a Web3-hoz, hogy bevételt szerezzenek munkájukkal.

Minden este megkapja a nap legfontosabb kriptográfiai híreit és betekintést a postaládájába. Iratkozzon fel a Blockworks ingyenes hírlevelére most.

A poszt JPMorgan: A Crypto Trumps Real Estate, mint „preferált alternatív eszközosztály” jelent meg először Blockworks.

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