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BTC is an 'Economic Sideshow’: JPM Strategists

JPMorgan strategists are calling Bitcoin an “economic sideshow” while positing the true post-COVID-19 narrative is the “rise in digital finance.” So reports Seeking Alpha.

bitcoin 2007769 1280The analysists also argue that competition between fintechs and banks is going to pick up steam as Big Tech continues to play a role as a potent digital platform for customer data access. “The report points out that financial innovation is outpacing regulation, creating an uneven playing field, benefiting fintechs as it’s easier and cheaper for them to offer similar products and services,” according to the article.

Read the full article from Seeking Alpha.

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