The Inside Story of NMR's Surge! JPMorgan Bets $500 Million on AI Hedge Fund, Is There a New Play in the Crypto Market?
Numerai recently doubled its stock price due to a strategic partnership with JPMorgan! JPMorgan Asset Management announced a $500 million investment in its AI hedge fund, recognizing the potential of AI in the financial sector.
It is worth noting that Numerai not only operates traditional hedge funds but also launched the cryptocurrency prediction platform Numerai Crypto, using AI to predict crypto prices.
Currently, BTC and ETH are approaching historical highs, with multiple projects intensively releasing positive news in an attempt to boost token prices, creating a hot market sentiment.
Institutional entry may bring long-term value, but in the short term, be cautious of following the hype; don’t let “good news” cloud your judgment!
If you can't grasp the timing and are always chasing highs and cutting losses, feel free to chat; like + comment, and I'll guide you onto the ride.
