JPMorgan says bitcoin has 'significant upside.' The bank's price target for $BTC is 28% above the current price. crypto cryptocurrency
JPMorgan Sees 'Significant Upside' to Bitcoin — Replaces Real Estate With Crypto as 'Preferred Alternative Asset'
At the time of writing, bitcoin is trading at $29,784, down 2.4% over the past seven days and almost 25% over the last 30 days. JPMorgan’s fair value estimate for bitcoin is nearly 28% higher than the current price ofThe past month’s crypto market correction looks more like capitulation relative to last January/February and going forward we see upside for bitcoin and crypto markets more generally.that their long-term theoretical target price for the cryptocurrency is $150K.
The JPMorgan note followed a massive sell-off in the crypto market amid the implosion of cryptocurrency terra and algorithmic stablecoin terrausd .
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