April 20, 2024

Market news | JPMorgan sees Bitcoin rising to $146 thousand in the long term – Bloomberg

Markets news | JPMorgan sees bitcoin rise to $ 146,000 in the long term - Bloomberg

In the long term, the price of bitcoin may exceed $146,000, they writeJPMorgan strategists led by NikolaosPanigirtsoglu in the mailing list for the bank's clients.

The displacement of gold as an "alternative" currency speaks to the great potential for growth in the value of bitcoin in the long term... This is unlikely to happenquickly, it's a multi-year process.A theoretical target price for bitcoin above $ 146K should be seen as a long-term targetand impossible in the coming year

JPMorgan does not exclude the possibility of a speculative mania, which in the near future could push the Bitcoin rate to $50-100 thousand.
Markets news | JPMorgan sees bitcoin rise to $ 146,000 in the long term - Bloomberg

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