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The price of Bitcoin has surpassed $45,000 per bitcoin this month, adding to the bullish sentiment surrounding BlackRock.
Now, following Donald Trump's surprise announcement that Bitcoin prices could rise in 2024, San Francisco-based cryptocurrency manager Bitwise predicts that Wall Street giant JPMorgan will take a big step to increase its holdings of tokens to 16 trillion dollars by 2030.
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“Launching a token fund in 2024 will allow JPMorgan to take advantage of the efficiencies that on-chain assets can provide, while tapping into a market that is experiencing explosive growth,” Bitwise CEO Hunter Horsley wrote in a outlook report for 2024.
“[JPMorgan] has been exploring blockchain technology for years and recently tested tokenized wallets on Avalanche.
blockchain These tests have allowed us to automate a significant number of steps related to the portfolio management process, including subscriptions, refunds, adjustments, etc. The
Bitwise report identifies the Global Financial Markets Association's predictions about the true value of blockchain assets. Wealth will grow from $5.5 billion to $16 trillion in 2030
. Earlier this year, BlackRock became the first Wall Street giant to use JPMorgan's blockchain-based securities settlement system, BlackRock's CEO told The Next Generation Markets.
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However, while JPMorgan is developing its Onyx blockchain platform and launched an enterprise stablecoin called JPMcoin in 2017, CEO Jamie Dimon recently told the Senate Financial Services Committee that if he were in government, he would "shut down" [cryptocurrencies]. .
"I've always been very against cryptocurrencies, bitcoin, etc.," Dimon said in response to questions about how cryptocurrencies are used around the world.