Majority of JPMorgan Clients Expect Bitcoin to Trade at $60K or More by Year-End

JPMorgan said that according to a survey the bulk of its clients expect bitcoin to commercialized astatine $60,000 oregon much by the extremity of this year.

• The Wall Street elephantine said successful a enactment published past week that 55% of the clients surveyed spot bitcoin reaching the $60,000 barrier.

• According to the survey, 41% of the bank’s clients spot bitcoin trading astatine $60,000 astatine year-end, 9% spot it crossing $80,000, and 5% spot it trading supra $100,000.

• On the different hand, 20% deliberation it would commercialized astir $40,000, 23% expect the integer currency to beryllium trading astatine $20,000, portion lone 2% of the bank’s clients were of the presumption that the coin would commercialized astatine $10,000 oregon little by the extremity of 2022.

• Rival concern slope Goldman Sachs wrote successful a study earlier this period that Bitcoin’s terms could summation to over $100,000 if the integer currency’s stock of the ‘store of value’ marketplace were to emergence to 50% implicit the adjacent 5 years.

• Bitcoin was trading astir $42,781 arsenic of work time.