According to banking giant JPMorgan, lower volatility of the first cryptocurrency will attract institutional investors.
Team led by the managing directorJPMorgan Bank Nikolaos Panigirtzoglu believes bitcoin volatility is starting to fall. According to them, BTC has kept volatility within 72% over the past six months. This is an optimistic indicator for the market, compared to the previous 100%.
Such a trend may spurinstitutional investors to more actively inject funds into the first cryptocurrency, the researchers note, despite a decrease in some of their activity in the first quarter of this year:
Volatility normalization could spur interest in bitcoin from institutional investors. Moreover, in the first quarter of this year, they reduced their investments in the crypto asset.
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