JPMorgan Lowers Its Bitcoin Fair Price Estimate to $38K Amidst Volatility u2013 Bitcoin News


Source: cryptonewsbtc.org cryptonewsbtc.org

Key Topics in this News Article:

News Snapshot:

Main funding financial institution JPMorgan has modified its view on the estimate of bitcoinu2019s value on a long-term foundation. The establishment had estimated a long-term value of $146K again in November when bitcoin was over $60K. One of the vital causes for this variation has to do with the elevated volatility the asset has confronted in current instances. JPMorgan Adjustments Lengthy-Time period Bitcoin Worth Estimate JPMorgan, one of many greatest monetary establishments on this planet, has drastically changed its opinion on the value that bitcoin will attain long run. Whereas JPMorgan was bullish final yr, when it estimated this quantity...