• Latest
  • Trending
JPMorgan Analysts Challenge $100,000 Bitcoin Predictions, Say BTC Currently Overpriced: Report

JPMorgan Analysts Challenge $100,000 Bitcoin Predictions, Say BTC Currently Overpriced: Report

November 4, 2021
Are HODLers doomed to rely on centralized options?

Are HODLers doomed to rely on centralized options?

May 23, 2022
ANI.Finance, the Blockchain-to-Business DeFi Startup,

ANI.Finance, the Blockchain-to-Business DeFi Startup,

May 23, 2022
How the Metaverse Could Be a Game-Changer for NFT Gaming – CoinDesk

How the Metaverse Could Be a Game-Changer for NFT Gaming – CoinDesk

May 23, 2022
URGENTE: ESTAMOS EM UM POSSÍVEL FUNDO DO BITCOIN HOJE (BTC) – ANALISE BITCOIN HOJE E TERRA LUNA

URGENTE: ESTAMOS EM UM POSSÍVEL FUNDO DO BITCOIN HOJE (BTC) – ANALISE BITCOIN HOJE E TERRA LUNA

May 23, 2022
Bitcoin Gold Leads Crypto Market Recovery With 40% Gain

Bitcoin Gold Leads Crypto Market Recovery With 40% Gain

May 23, 2022
Litecoin confidential transactions spook Korean exchanges

Litecoin confidential transactions spook Korean exchanges

May 23, 2022
Ethereum, Crash Or Moon? Crypto Crash 2022

Ethereum, Crash Or Moon? Crypto Crash 2022

May 23, 2022
Chainlink, Kava, and Calyx Token!

Chainlink, Kava, and Calyx Token!

May 23, 2022
A Springboard for Circularity: Investment in NY Recycling Infrastructure to Create Ripple Effect Across the US

A Springboard for Circularity: Investment in NY Recycling Infrastructure to Create Ripple Effect Across the US

May 23, 2022

Cardano, Dogecoin and Axie Infinity – European Wrap 23 May

May 23, 2022
Crypto Asset Allocation: 2022 Investment Guide

Crypto Asset Allocation: 2022 Investment Guide

May 23, 2022
Logarithmic Finance And Cronos Are The Two Altcoins That Have The Potential To Overtake Ethereum

Logarithmic Finance And Cronos Are The Two Altcoins That Have The Potential To Overtake Ethereum

May 23, 2022
OOF CRYPTO
  • Home
  • Bitcoin
  • Ethereum
  • Solana
  • Altcoins
  • Market & Analysis
  • ICO
OOF CRYPTO
No Result
View All Result

JPMorgan Analysts Challenge $100,000 Bitcoin Predictions, Say BTC Currently Overpriced: Report

by oof_pj
November 4, 2021
in Bitcoin
0


Strategists at monetary companies large JPMorgan are elevating doubts that the worth of Bitcoin (BTC) might hit six figures over the approaching months, based on a Bloomberg report.

The report says that the present consensus predicting Bitcoin will attain not less than $100,000 in 2022 can solely come true if BTC’s volatility have been to fall considerably.

 

“This challenges the concept a value goal of $100k or above, which seems to be the present consensus for 2022, is a sustainable Bitcoin goal within the absence of a major decline in Bitcoin volatility. Digital belongings are on a multiyear structural ascent, however the present entry level appears unattractive.”

JPMorgan says that the honest worth of Bitcoin must be round $35,000. Bitcoin is at the moment buying and selling at $63,000, based on CoinGecko.

The monetary companies large additionally says that Bitcoin’s volatility is 4 occasions that of gold, but when BTC’s volatility have been to scale back by half then $73,000 could be a “cheap” value goal.

For the broader digital belongings class, JPMorgan strategists are forecasting that they are going to recognize by 15% subsequent 12 months, beating hedge fund and actual property returns. Nevertheless, the wild swings that digital belongings expertise lowers their enchantment, based on the strategists.

After Bitcoin hit a brand new all-time excessive in late October, JPMorgan said BTC’s rise was because of issues over inflation.

“…we consider the notion of Bitcoin as a greater inflation hedge than gold is the principle purpose for the present upswing, triggering a shift away from gold ETFs into Bitcoin funds since September.”

Do not Miss a Beat – Subscribe to get crypto e-mail alerts delivered on to your inbox

Observe us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

 

Check Latest News Headlines

 

Disclaimer: Opinions expressed at The Each day Hodl are usually not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual threat, and any loses you could incur are your duty. The Each day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Each day Hodl an funding advisor. Please be aware that The Each day Hodl participates in online marketing.

Featured Picture: Shutterstock/SimpleB

YOU MAY ALSO LIKE

Are HODLers doomed to rely on centralized options?

What the heck is going on with Bitcoin?





Source link

Tags: analystsBitcoinBTCChallengeJPMorganOverpricedPredictionsReport
ShareTweetPin

Search

No Result
View All Result

Recent News

Are HODLers doomed to rely on centralized options?

Are HODLers doomed to rely on centralized options?

May 23, 2022
ANI.Finance, the Blockchain-to-Business DeFi Startup,

ANI.Finance, the Blockchain-to-Business DeFi Startup,

May 23, 2022
How the Metaverse Could Be a Game-Changer for NFT Gaming – CoinDesk

How the Metaverse Could Be a Game-Changer for NFT Gaming – CoinDesk

May 23, 2022

Recent News

  • Are HODLers doomed to rely on centralized options?
  • ANI.Finance, the Blockchain-to-Business DeFi Startup,
  • How the Metaverse Could Be a Game-Changer for NFT Gaming – CoinDesk

Categories

  • Altcoins
  • Bitcoin
  • Blockchain
  • Chainlink
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • ICO
  • Litecoin
  • Market & Analysis
  • Rippl
  • Videos

Follow Us

Find Via Tags

Altcoin Altcoins analysis Analyst Bitcoin blockchain BTC Buy Cardano Chainlink coin Crypto Cryptocurrencies Cryptocurrency DeFi Digital DOGE Dogecoin ETH Ethereum exchange Heres Inu Investors launches Litecoin Market Markets metaverse news NFT NFTs Price Prices rally Ripple Ripples Shiba Solana Today token Top Trading Week XRP
  • Privacy & Policy
  • About Us

© 2021 oof Crypto

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Solana
  • Altcoins
  • Market & Analysis
  • ICO

© 2021 oof Crypto