# JPMorgan says inflation concerns, not ETFs, driving Bitcoin price jump
“# JPMorgan says inflation concerns, not ETFs, driving Bitcoin price jump ” Bitcoin (BTC) broke its all-time high price level following the launch of ProShares’ Bitcoin Strategy exchange-traded fund (BITO) on Tuesday, but JPMorgan Chase strategists believe the key driver behind the price jump is investor concern over inflation. The BITO launch, which saw the…