BTC) broke its all-time high price level following the launch of ProShares’ Bitcoin Strategy exchange-traded fund (ETF), BITO, on Tuesday, but JPMorgan Chase (NYSE:) strategists believe the key driver behind the price jump is investor concern over inflation.The BITO Launch, which witnessed the

ETF has the highest first-day volume of natural volumes ever, is “unlikely to trigger a new phase of significantly more fresh capital entering Bitcoin,” JPMorgan strategists In a note. Disclaimer