JPMorgan has predicted the long-term price of bitcoin to be $150K while the fair value of the crypto sits at $38K. cryptocurrency $BTC
“The biggest challenge for bitcoin going forward is its volatility and the boom and bust cycles that hinder further institutional adoption,” JPMorgan’s analysts explained.Global investment bank JPMorgan has revealed its prediction for the long-term price of bitcoin as well as the cryptocurrency’s fair value.
JPMorgan Chase & Co.’s strategists, led by Nikolaos Panigirtzoglou, wrote in a research note published Tuesday that their long-term theoretical target for bitcoin is $150K, up fromAt this level, bitcoin’s total market value would be on par with that of all gold held privately for investment purposes, they explained..
They calculated the coin’s fair value based on bitcoin being roughly four times as volatile as gold, adding that if the volatility differential narrows to three times, then the fair value ofThe biggest challenge for bitcoin going forward is its volatility and the boom and bust cycles that hinder further institutional adoption.is up almost 19% over the past seven days and almost 5% in the last 30 days.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JPMorgan Increases Long-Term Bitcoin Price Prediction to $150,000Strategists at Wall Street investment bank JPMorgan have updated what they consider to be a “fair value” price for Bitcoin.
Read more »
Former Thai Central Bank Director Predicts Crypto Bubble Emerging in March – Markets and Prices Bitcoin News“A cryptocurrency bubble will emerge at the end of March when liquidity in the financial market drops,” said the former Bank of Thailand director. crypto cryptocurrency bitcoin $BTC
Read more »
Bitcoin Miners Offloaded Holdings as Prices Dropped to $33KBitcoin miners sold part of their holdings over the past 30 days after months of accumulation, according to data from multiple sources. By shauryamalwa
Read more »
Bitcoin needs to reclaim these two levels to avoid another dip to $28KThe journey to a new all-time high begins with a single step. Two moving averages need to flip before we have a shot at seeing another Bitcoin ATH.
Read more »
Bitcoin, Ethereum Technical Analysis: ETH, BTC Volatile as US Inflation Hits 40-Year High – Market Updates Bitcoin NewsPrices of ethereum and bitcoin were volatile on Thursday, as markets reacted to inflation data from the United States.
Read more »
Bitcoin's Price Drops $1K in Minutes as January CPI Comes at 7.5%Consumer Price Index numbers are up, revealing an increase in inflation rates. Bitcoin's price lost $1K in response.
Read more »