JPMorgan’s Expects 30% Bitcoin Price Upside

According to JPMorgan’s published note on bitcoin and cryptocurrency, the bank is bullish on Bitcoin expecting a significant upside from current prices. Their price target for bitcoin stands at $38,000, implying around a 30% upside from the current price of $29,144. The bank’s strategists mentioned their long-term theoretical target price for bitcoin stands at $150,000.
Furthermore, the bank now considers cryptocurrencies as its “preferred alternative asset class” along with hedge funds, replacing real estate amid increasing mortgage rates.


Follow us on Google news for more updates and News

Full Disclaimer



Get the most important news and analyses for Free.

Thank you for subscribing.

Something went wrong.