Bitcoin Strategy Increases Losses on Anniversary

68% Loss in a Year

Bitcoin related investment strategies have experienced a 68% loss in value since reaching a record level of $543 one year ago. Last October, Bitcoin peaked at $126,000, and it has now dropped to as low as $81,000.

Market Effects and Possible Exits

JPMorgan noted that this strategy could be removed from major stock indexes. Such a scenario could trigger billions of dollars in outflows from passive investments.