JPMorgan published a survey on Tuesday showing that one-third of investors deem cryptocurrency “rat poison.” JPMorgan conducted the survey on June 11 at its 24th Macro, Quantitative & Derivatives Conference. One out of three investors view crypto as “rat poison,” while 16 percent think it is a “temporary fad.”
Read more: Shoaib Akhtar Joins Crypto World With His Own NFT Marketplace
As a result of China’s tightening crackdown on cryptocurrency mining and trading, Bitcoin, the largest cryptocurrency in the world, fell to a five-month low on Tuesday. The price of bitcoin as of 1045 GMT on Wednesday increased by 5% to $34,000.
Source: Reuters