JPMorgan's Crystal Ball: Is Bitcoin Set To Skyrocket To $45,000?
Portfolio Pulse from Murtuza Merchant
JPMorgan analysts project a potential Bitcoin price of $45,000, drawing parallels between gold and Bitcoin value trends. They see the $45,000 price as a ceiling and expect a 25% return on Bitcoin over the following year after the 2024 halving event. However, they predict continued selling pressure on Ether in the short term.
May 26, 2023 | 6:59 pm
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JPMorgan analysts project a potential Bitcoin price of $45,000 and expect a 25% return on Bitcoin after the 2024 halving event, but predict short-term selling pressure on Ether.
The news is directly related to JPMorgan's analysts and their projections on Bitcoin and Ether. However, the impact on JPMorgan's stock price is neutral as the projections are not directly related to the company's financial performance or operations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100