Posted 3/15/2024, 10:55:17 AM
JP Morgan Warns of Risks from MicroStrategy's Heavy Bitcoin Bet
- JP Morgan warns MicroStrategy's large Bitcoin purchases could worsen future crypto market downturns
- MicroStrategy has spent $2B on Bitcoin, funding purchases by selling bonds and adding leverage
- JP Morgan says this raises risk of more severe deleveraging if crypto prices fall
- Bitcoin price dropped below $69K all-time high but recovered above $70K
- UK judge rules Dr. Craig Wright is not Bitcoin creator Satoshi Nakamoto
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