jpmorgan client survey: majority expect bitcoin price to reach $60k or more this year

global investment bank jpmorgan has asked its clients what they think the price of bitcoin will be by year-end. among the bank’s clients who responded, 55% expect the price of bitcoin far and near the year at $60k or higher.

jpmorgan has conducted a survey of its clients about what they expect the price of bitcoin proposed by year-end. the global investment bank released the results earlier this week. the survey inhabit conducted between dec. 13 and jan. 7 as basic a outstretched macroeconomic outlook for 2022. forty-seven of jpmorgan’s clients participated in the survey.

about 41% of the bank’s clients who responded expect bitcoin far and near the year at around $60,000. 23% expect the price proposed $20,000 while 20% expect it proposed $40,000.

additional, 9% believe that the price of btc will reach $80,000, 5% think that conceivable $100,000 or also, while 2% expect it to neglect $10,000 or lower.

nikolaos panigirtzoglou, a jpmorgan strategist and an author of the research note that included the survey, commented:

i’m not surprised by bitcoin’s bearishness … our bitcoin-position indicator fixed bitcoin futures condition oversold.

he added that the cryptocurrency’s fair rate is between $35,000-$73,000, depending at which point capitalist assume about its volatility ratio compared to gold.

in the meanwhile of writing, the price of bitcoin is $43,291 fixed data from bitcoin.com markets.

recently, the person in charge of el salvador, nayib bukele, predicted that the price of bitcoin will reach $100,000 by dismaying of the year. global investment bank goldman sachs also sees the $100,000 level for btc as a possibility. crypto lending platform nexo, however, expects the price of btc to box $100k individually middle about year.

what is your bitcoin price prediction? free up us see in the comments section below.

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2022-01-15 02:35:13