JPMorgan Predicts Long-Term Bitcoin Price of $150K — Outlines Challenges Ahead
Global investment bank JPMorgan has predicted that the long-term price of bitcoin will reach $150K while the fair value of the cryptocurrency sits at $38K. “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. JPMorgan’s Bitcoin Price Prediction 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....
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Bitcoin is increasingly competing with gold as an investment asset and has scope for substantial gains over coming years, according to JPMorgan strategists.
![Bitcoin is Revolutionizing the Non-Profit Sector [Infographic]](minthumb/bitcoin-non-profit.jpg)
According to a new infographic, featured below, bitcoin is electrifying the non-profit profit sector. "The piece explores how Bitcoin will revolutionize charitable donations given to non-profit organisations, focusing on how it will work and what challenges donating in digital currencies face in the long run,". Max Hammond, Digital PR Executive for NeoMam Studies, said upon sharing the infographic. The infographic details how non-profits will see benefits from bitcoin, as well as how to accept it in the first place. Bitcoin users can donate directly to the non-profit through a public key,....
JPMorgan’s analysts have made a case that bitcoin’s price could reach $146,000 as the cryptocurrency’s competition with gold heats up. Meanwhile, the firm’s global strategist sees the current bitcoin bull run as being similar to the bull run of 2017. He warns of three risks that could affect bitcoin’s outlook for 2021. JPMorgan Sets Bitcoin’s Price Target at $146K JPMorgan published a report Monday on bitcoin’s valuation and future outlook. “We cannot exclude the possibility that the current speculative mania will propagate further, pushing....
Leading investment bank JPMorgan has changed its view on the estimate of bitcoin’s price on a long-term basis. The institution had estimated a long-term price of $146K back in November when bitcoin was over $60K. One of the most important reasons for this change has to do with the increased volatility the asset has faced in recent times.
JPMorgan Changes Long-Term Bitcoin Price Estimate
JPMorgan, one of the biggest financial institutions in the world, has drastically changed its opinion on the price that bitcoin will reach long term. While JPMorgan was bullish last year,....
Data shows the total supply held by the Bitcoin long-term holders has decreased by 150k BTC since the LUNA crash. Bitcoin Long-Term Holders Have Dumped A Noticeable Amount In The Last Few Months According to the latest weekly report from Glassnode, the BTC LTHs have observed a sustained decrease of 150k BTC since the crash in May. The “long-term holder” (or LTH in brief) group is the Bitcoin cohort that includes all those investors who have been holding onto their coins since at least 155 days ago, without selling or moving them. The holders who sell earlier than this threshold....