Bitcoin trading higher at the end of the week
JPMorgan Chase & Co will reportedly allow all of its wealth management clients access to cryptocurrency funds
Jordan Belfort, the former stockbroker and subject of the 2013 hit 'Wolf of Wall Street,' weighs in on Tesla CEO's Bitcoin comment where he said, 'I might pump, but I don't dump.'
Bitcoin was trading more than 0.6% higher early Friday morning.
The price was around $32,460 per coin, while rivals Ethereum and Dogecoin were trading around $2,057 and 19 cents per coin, respectively, according to Coindesk.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
JPMorgan Chase & Co will reportedly allow all of its wealth management clients access to cryptocurrency funds, according to Business Insider.
A memo earlier this week to financial advisers said to take buy and sell orders from its wealth management clients for five cryptocurrency products effective July 19.
Four of such products are from Grayscale Investments and one from Osprey Funds, according to the report.
JPMorgan declined to comment to Business Insider on the report.
BITCOIN INTEREST RISING IN YOUNGER INVESTORS: GALLUP
In other cryptocurrency news, younger investors are becoming increasingly interested in bitcoin, new polling shows.
Among U.S. adult investors with $10,000 or more invested in stocks, bonds or mutual funds, 6% currently own bitcoin – up from 2% in 2018, according to Gallup polling results published Thursday.
CLICK HERE TO READ MORE ON FOX BUSINESS
Meanwhile, 13% of young adult investors between 18 and 49 own bitcoin compared to just 3% in 2018 while only 3% of those over 50 own the cryptocurrency compared to 1% three years ago.
Fox Business' Audrey Conklin contributed to this report.