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JPMorgan Lowers Its Bitcoin Fair Price Estimate to $38K Amidst Volatility
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…
JPMorgan: Ethereum Losing Ground to Other Crypto in NFT Market Due to High Transaction Fees, Congestion
JPMorgan has told its clients that ethereum is losing ground to rival cryptocurrencies, such as solana (SOL), in the non-fungible token (NFT) market due to sky-high transaction fees on the…
JPMorgan Report States Ethereum Might Lose Defi Dominance Due to Scaling Issues
A note from JPMorgan states that Ethereum might be at risk of losing defi dominance as a result of its inability to produce effective scaling solutions fast. The note, written…
JPMorgan CEO Jamie Dimon Warns People to Be Careful When Investing in Crypto Citing ‘No Intrinsic Value’
The CEO of global investment bank JPMorgan has warned investors about investing in cryptocurrency. “Cryptocurrency has no intrinsic value. You are basically buying a token,” he said. “I would be…
JPMorgan Doubles Down on Bitcoin Price Prediction of $146K
Global investment bank JPMorgan has doubled down on its bitcoin price prediction of $146K. The bank’s analyst explained that the price of the cryptocurrency could reach that level if its…
JPMorgan says BTC’s ‘fair price’ is $35K… but it still expects crypto to ‘outperform’
Investment bank strategists say that BTC could climb as high as $73,000 if markets remain frothy.
JPMorgan Sees ‘Bullish Outlook’ for Bitcoin as Inflation Concerns Push BTC Price Higher
Global investment bank JPMorgan says inflation concerns are pushing the price of bitcoin to record highs, rather than interest in recently launched bitcoin futures exchange-traded funds (ETFs). Noting that investors…
JPMorgan says inflation concerns, not ETFs, driving Bitcoin price jump
JPMorgan strategists say that interest in the newly launching BITO Bitcoin ETF could cool after a week or so.
Blackrock CEO Agrees With JPMorgan Boss Jamie Dimon About Bitcoin, Sees ‘Huge Role for Digitized Currency’
The chief executive officer of the world’s largest asset manager, Blackrock, says he is “more on the Jamie Dimon camp” when asked whether he thinks bitcoin is worthless. However, the…