Anthony Scaramucci Praises JPMorgan's Blockchain Initiative, Describes It as Positive for His Solana and Avalanche Investment Strategy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 12 2025
0mins
Should l Buy JPM?
Source: Benzinga
JPMorgan's Blockchain Initiative: JPMorgan Chase has issued $50 million in U.S. commercial paper for Galaxy Digital directly on the Solana blockchain, marking a significant step for a major bank in utilizing public blockchain technology for securities.
Scaramucci's Support for Solana: Anthony Scaramucci, founder of SkyBridge Capital, praised JPMorgan's move as validation of his investment thesis on Solana and Avalanche, expressing optimism about Solana potentially surpassing Ethereum in growth metrics.
Investment Position: Scaramucci confirmed that SkyBridge holds a long position in Solana and considers Avalanche a versatile asset, indicating a strong belief in the future of these cryptocurrencies.
Market Reaction: Following the announcement, JPMorgan's stock saw a slight increase, closing 2.34% higher during regular trading, reflecting positive market sentiment towards the bank's blockchain initiatives.
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Analyst Views on JPM
Wall Street analysts forecast JPM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for JPM is 341.38 USD with a low forecast of 260.00 USD and a high forecast of 400.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
19 Analyst Rating
11 Buy
7 Hold
1 Sell
Moderate Buy
Current: 310.160
Low
260.00
Averages
341.38
High
400.00
Current: 310.160
Low
260.00
Averages
341.38
High
400.00
About JPM
JPMorgan Chase & Co. is a financial holding company. The Company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. The Company operates through three segments: Consumer & Community Banking (CCB), Commercial & Investment Bank (CIB), and Asset & Wealth Management (AWM). Its CCB segment offers products and services to consumers and small businesses through bank branches, ATMs, digital and telephone banking. Its CIB segment consists of banking and payments and markets and securities services, and offers a suite of investment banking, lending, payments, market-making, financing, custody and securities products and services to a global base of corporate and institutional clients. AWM segment offers investment and wealth management solutions. It offers multi-asset investment management solutions, retirement products and services, brokerage, custody, estate planning, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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