Market review: Analysts from JPmorgan predict bitcoin worth 150,000 USD, investors ignore upcoming interest rate increases
Market review: Analysts from JPmorgan predict bitcoin worth 150,000 USD, investors ignore upcoming interest rate increases
- A report by JPMorgan analyst says that Bitcoin is currently overrated, but could reach up to $ 150,000 in the long term
- The mood on the stock markets has recently turned into the positive, which shows that investors have apparently pushed the fears of impending interest rate increases aside
The analysts of JPMorgan predict a Bitcoin price of
Analysts from JPMorgan have published a report that means that the current fair value of Bitcoin due to its volatility compared to gold is only $ 38,000, but could increase in the long term to $ 150,000.
"The biggest challenge for Bitcoin in the future is its volatility and boom and bust cycles that hinder another institutional introduction," says the report.
Bitcoin rose by 1.55 % in the news, while Ether added up to 4.75 % that day. The overall market capitalization of cryptocurrencies also increased by almost 2 %.
Investors put insertion increases aside
The investors seem to have priced in upcoming interest increases - or forgot them for the time being. The S&P 500 has increased by over 8 % since its low in January. Likewise, Nasdaq has increased by over 9 % since its lows at the end of January. Today the S&P 500 and the Nasdaq have risen by 1.45 % or 2.10 %.
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go forward
The positive mood seems to have found their way back on both the crypto and stock markets, since investors try to benefit from lower prices instead of worrying about the upcoming interest rate announcements of the Federal Reserve. It is currently unclear how the markets will react to the inevitable interest rate increases, but it should be expected with a certain degree of volatility.
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The Post Market Recap: JPMorgan analyst Predict $ 150k Bitcoin, Investors Ignore Coming Rate Hikes is not a financial advice.
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