Two companies have appeared on the cryptocurrency market, which are investing huge resources for the development of both individual coins and the entire market.
JPMorgan experts recently released a report recommending that investors use Bitcoin as a hedge against inflation and allocate 1% of their investment portfolio to the coin. It also became known that the bank is going to present a new basket of shares of companies that own the cryptocurrency or are in any way connected with it. Various companies will be represented on the new platform, including payment systems, video card manufacturers, investment banks, and cryptocurrency exchanges.
The value of creating such a basket was explained by JPMorgan analysts: the new product will not be associated with any separate cryptocurrency. This means that the platform will be made up of companies supporting various altcoins, which will create additional interest in other cryptocurrencies. Also, the introduction of such a basket is associated with attempts to optimize the highly volatile digital asset market for investment injections. Clients are encouraged to invest using structured notes that have a specific return that depends on the underlying asset, eliminating the problem of volatility.
Such a system will have a very positive effect on the cryptocurrency market and will allow new players in the cryptocurrency market to more consciously approach the choice of digital assets. It is also a kind of indirect way to develop the cryptocurrency market by investing in companies that are interested in digital coins.
