June 15, 2020 JPMorgan Chase strategists state that Bitcoin has survived its ‘first real stress test’.

Strategists from JPMorgan Chase stated in a report released to clients on June 11, that Bitcoin has survived its ‘first real stress test’, referring to the market turbulence witnessed in March. While the strategists argued that the survival of cryptocurrencies through March indicates their ‘longevity as an asset class’, the authors argued that they continue to function as speculative assets rather than as stores of value or mediums of exchange. 

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