JPMorgan Dips a Toe Into Analysis of Bitcoin Futures Volatility

Jamie Dimon may think bitcoin is a “fraud,” but that isn’t stopping JPMorgan Chase & Co. strategists from analyzing volatility for the cryptocurrency.

“At a time when volatilities across asset classes have plummeted, this presents us with the oddity of an asset with extreme daily moves,” strategists Matthias Bouquet and Marko Kolanovic wrote in a note to clients Thursday. “Realized vols in BTC are unlike anything we’ve seen in other asset classes.”