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JPMorgan sees Bitcoin production cost as floor and forecasts $170K upside
According to a recent analysis by JPMorgan, Bitcoin’s production cost is estimated near $94,000, which the bank views as a natural support level. The firm projects that Bitcoin could climb to roughly $170,000 within six to twelve months, driven by broader institutional adoption and comparison with gold’s market cap. The forecast comes amid heightened volatility and risk-off sentiment in crypto markets, as traditional risk assets also face pressure.
M• By Harsh Ranjan
Explore:Mutual Fund Categories
positive
JPMorgan sees Bitcoin production cost as floor and forecasts $170K upside
According to a recent analysis by JPMorgan, Bitcoin’s production cost is estimated near $94,000, which the bank views as a natural support level. The firm projects that Bitcoin could climb to roughly $170,000 within six to twelve months, driven by broader institutional adoption and comparison with gold’s market cap. The forecast comes amid heightened volatility and risk-off sentiment in crypto markets, as traditional risk assets also face pressure.
M• By Harsh Ranjan
Explore:Mutual Fund Categories
1 min read
68 words
JPMorgan models Bitcoin floor at $94K and potential rise to $170K amid institutional adoption and macro uncertainty.
According to a recent analysis by JPMorgan, Bitcoin’s production cost is estimated near $94,000, which the bank views as a natural support level. The firm projects that Bitcoin could climb to roughly $170,000 within six to twelve months, driven by broader institutional adoption and comparison with gold’s market cap. The forecast comes amid heightened volatility and risk-off sentiment in crypto markets, as traditional risk assets also face pressure.
According to a recent analysis by JPMorgan, Bitcoin’s production cost is estimated near $94,000, which the bank views as a natural support level. The firm projects that Bitcoin could climb to roughly $170,000 within six to twelve months, driven by broader institutional adoption and comparison with gold’s market cap. The forecast comes amid heightened volatility and risk-off sentiment in crypto markets, as traditional risk assets also face pressure.
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crypto
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crypto
bitcoin
institutional
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