JPMorgan Says Bitcoin Outlook Hinges on Strategy Funding and CLARITY Act Progress

The post JPMorgan Says Bitcoin Outlook Hinges on Strategy Funding and CLARITY Act Progress appeared first on Coinpedia Fintech News

JPMorgan has turned more cautious on digital assets, citing concerns over how Strategy plans to fund roughly $1.7 billion in annual preferred stock dividend obligations. The bank noted that Strategy’s recent sale of 32 BTC was relatively small, but said investors may question whether additional Bitcoin sales could be used to support future dividend payments. …