ambcrypto.com: From ‘Bitcoin for criminals’ to ‘flight to quality’ – SEC’s changing stance


  • Galaxy’s Alex Thorn underlined that Bitcoin ETFs’ $14 million prediction was a “conservative estimate.”
  • In contrast, J.P. Morgan cautioned against too much optimism around the crypto rally.

“During the bear market between 2013 and ‘17 it was like “Bitcoin is for criminals,” now the largest asset manager on earth says it’s part of a ‘flight to quality’ trade; it’s truly remarkable.”

This sentiment was well articulated by Galaxy’s…


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