Retail users may have to wait in much of the world, however.
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Strategists at the Wall Street megabank disagree with their colleagues view that Bitcoin is becoming digital gold.
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The BTC price is at a crucial inflection point, according to JPMorgan strategists.
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The first Hyperledger-based cryptocurrency to achieve mainnet status just exploded 486% overnight, possibly bouyed by an impending Bitcoin trading pair.
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Bitcoin made a swift 20% recovery from the weekend’s bloodbath, while American banks prepare to post major losses in their upcoming quarterly reports.
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JPMorgan’s analysts have made a case that bitcoin’s price could reach $146,000 as the cryptocurrency’s competition with gold heats up. Meanwhile, the firm’s global strategist sees the current bitcoin bull run as being similar to the bull run of 2017. He warns of three risks that could affect bitcoin’s outlook for 2021. JPMorgan Sets Bitcoin’s […]
The post JPMorgan Predicts $146K Bitcoin Price as Competition With Gold Escalates appeared first on Bitcoin News.
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Strategists at the American megabank believe the cryptocurrency has a chance to hit $146,000 in future years if it can evolve into a compelling alternative to gold.
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The enterprise blockchain space in 2020 looks a lot different from previous years, demonstrating the continuation and a drive to mature and advance.
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