Bitcoin is at its all-time high of $66 thousand Apple is at the top of the highest value companies

2021-10-24T18:11:24
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Bitcoin is at its all-time high of $66 thousand Apple is at the top of the highest value companies

Bitcoin is at its all-time high of $66 thousand Apple is at the top of the highest value companies:Bitcoin seems to be on track to complete the indices it has started since its launch, with Bitcoin’s price reaching an all-time high of more than US $66 thousand.

Evest follows all developments in the following report.

Topics:

JPMorgan: Inflation supports Bitcoin’s price

Bitcoin is rising to an all-time high

Apple is the most valuable in the world  Amazon, Microsoft and Google are at the forefront

Tesla’s value is threefold moving to fourteenth place

 

JPMorgan Inflation supports Bitcoin’s price

World Investment Bank JPMorgan says inflation concerns are driving Bitcoin’s price to record levels,
rather than paying attention to recently launched bitcoin futures trading funds (ETFs). 

The company noted that “the flow shift continues to support the bullish outlook of bitcoin until the end of the year,” noting that investors are withdrawing from gold ETFs.

JPMorgan analysts, led by Nikolaos Panigertzoglou, published a research note last week explaining that
the price of bitcoin has risen to an all-time high due to inflation rather than focusing on the first fund traded on the U.S. Bitcoin Exchange (ETF).

Bitcoin’s first trading fund started trading on Tuesday and quickly raised $1 billion in investment.

The second bitcoin futures fund was launched in the United States on Friday.

JPMorgan analysts believe that “the launch of BITO is unlikely to lead, in itself, to a new phase of more new capital entering Bitcoin,” explaining:

Instead, we believe that the perception of bitcoin as a better inflation hedge than gold is the main reason for the current rally,
leading to a shift away from gold ETFs to bitcoin ETFs since September.

The analysts added that the “initial hype With BITO may fade after a week.”

Bitcoin is rising to an all-time high

The price of bitcoin rose to an all-time high of $66,899 based on data from Bitcoin.com markets on Tuesday. 

The cryptocurrency has risen by 40% since the beginning of the month and more than 90% since the beginning of the year.

The price of BTC rose markedly as the market expected the US Securities and Exchange Commission (SEC) to approve the Bitcoin futures ETF.

JPMorgan analysts did not explain that growing concerns about inflation were the real motive behind the increase in bitcoin prices,

but also noted that it prompted investors to seek investments that could serve as a hedge against these risks, such as gold and bitcoin.

Gold has been an effective inflation hedge.

In recent weeks, however, it has failed to respond to growing concerns about increasing cost pressures. 

Analysts noted that this led investors to explore alternative investments,

and many have turned away from gold exchange-traded funds (ETFs) to Bitcoin funds.

Analysts added that this shift in flow continues to support the bullish outlook for bitcoin until the end of the year.

JPMorgan analysts aren’t the only ones who see bitcoin as a better hedge against inflation than gold.

 Recently, billionaire fund manager Paul Tudor Jones also said that Bitcoin has outperformed gold and that he prefers cryptocurrency over gold as an inflation hedge.

 

Apple is the most valuable in the world Amazon, Microsoft and Google are at the forefront

Apple’s brand has been the most valuable in the world for nine consecutive years, according to a 2021 study by Interbrand Corp. 

Its value has raised over the past year by 26% and exceeded $408.25 billion.

The Amazon brand ranked second, with prices rising by 24% (to $ 249.25 billion), Microsoft,
which added to the 27% price (to $ 210.2 billion), while Google ranked fourth, which raised by 19% (to $ 196.8 billion).

The list of other companies in the top 10 is also unchanged: Samsung (raised by 20%, to $74.635 billion),
Coca-Cola (raised by 1%, to $57.488 billion), Toyota (raised by 5% to $54.107 billion),
Mercedes-Benz (raised by 3%, to $50.866 billion), McDonald’s (raised by 7%, to $45.107 billion), raised fifth.

The report says that the top three companies on the list account for more than 62% of the total value of brands at the top 10.

Tesla’s value is threefold moving to fourteenth place

The Tesla brand showed the most significant rise in the ranking: Its value almost tripled (by 184%, to $ 36.27 billion),
and as a result, it moved to 14th place from 26th.

Another fast-growing brand is the Salesforce Customer Information Management System,

which has risen by 37% over the year (to $14.77 billion) and is now ranked 38th.

Adobe and Paypal are also among the pioneers of the rise, which has increased their brand value by 36%.

The rating was renewed this year with only one new member – Sephora ($4.628 billion, 100th).

As a result, the French LVMH group became the first company to be represented by five brands at once (Louis Vuitton in 13th, Dior 77th,
Tiffany & Co. 92nd and Hennessy 95th).

JP has the highest brand value in the financial industry.

Morgan (24 line, up 6% to $ 21.4 billion) and American Express (30th place, down 2% to $ 19.075 billion).

The total value of the top 100 brands is now estimated at $2 trillion, $667.524 billion, up from $326.491 trillion in 2020,
an increase of 15% over the past year, according to Interbrand.

The average growth rate for individual brands on the list was 10%, up from 1.3% in 2020.

Interbrand takes into account the financial performance of companies,

the impact of brands on consumer purchasing decisions and the ability of companies to generate revenue.

The world’s top 100 most valuable brands have been published over 22 years.

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