From “fraud” to “worthy things”

The Japanese government changed the virtual currency, including bitcoins, to “crypto assets”.

The Japanese government has decided to introduce the Financial Instruments and Exchange Law, which incorporates measures to strengthen restrictions on cryptographic currencies such as Bitcoin.

From now on, it will be regulated in the same way as the stock market.

Recently, investors and companies that have previously denied bitcoin to be “scams” or “valueless” are increasingly turning to positive opinions.

In the past, JPMorgan Chase has said that cryptocurrency is a fraud, but recently said that bitcoin is of intrinsic value.

The JPMorgan analyst group warns that “the surge in bitcoin prices is very similar to the 2017 economic pattern.”

JPMorgan analyst Nikolaos Panigirtzoglou and others prepared a report that reached the conclusion that Bitcoin would be treated as a commodity on May 17.

In the past few days, the prevailing price of Bitcoin has fluctuated significantly beyond the marginal cost. The difference between the prevailing price and the intrinsic price partially reflects the surge that occurred at the end of 2017, but was corrected by the decline in the prevailing price

The issue of the current price of cryptocurrency is difficult. Researchers’ opinions are divided, from those who say that bitcoin is not of basic value, to those who argue that the fair price is well above the current price

For JPMorgan Chase’s analysts report, eTro’s senior market analyst Mati Greenspan said, “It’s great that JP Morgan will finally try to recognize the intrinsic value of bitcoin. It’s not surprising that they analyze that their current price is overvalued compared to their own calculations. “

“The current price of Bitcoin is, of course, well above the mining cost, but JP Morgan does not take into account the fact that it is common to save coins if miner tries to make a profit. Miner “We’re trying to curb supply to a mature market, further curb liquidity and raise prices further,” said Mati Greenspan.

JPMorgan Chase’s announcement is that it is in trial operation of its own-issued digital token “JPM coin”.

Other analysts have another notable view, according to Business Insider, a business-focused news website.

It is a view that the rise in bitcoin price is a sign of worsening of the global economic cycle due to the global recession concern and the influence of the US-China trade war. Michael Hartnett, director of investment strategy for the Bank of America Merrill Lynch, argues that this could lead to a decline in bond returns.

Bonds have already fallen, and some major countries are approaching historic decline levels.

He said to the client that what investors need to do now is to be interested in trading $ 127 billion in corporate and emerging market debt.

He further notes that Bitcoin is attractive to investors in volatile times, and in a world of debt with a negative interest rate, Bitcoin in excess of $ 8,000 is a proof of that trust.

When comparing traditional investment products with bitcoins, the fact that bitcoins are chosen means that there is “demand.”

■■

Our information links.

HP

https://amanpuri.io/tokensale/

Telegram

https://t.me/amanpurichat

Twitter

https://twitter.com/amanpuri_ex

Facebook

https://www.facebook.com/amanpuriexchange/

Bitcointalk

https://bitcointalk.org/index.php?topic=5116010