One of the world’s leading companies in financial services JPMorgan‘s strategists examined the situation of Bitcoin (BTC) in a Bloomberg report they published. According to analysts Bitcoin (BTC) The price can reach six digits, but there is an important problem, if this problem is not overcome, $100,000 may be a dream.
According to the report prepared by analysts, it was stated that the volatility of BTC must decrease “significantly” for the consensus of people who believe that Bitcoin will reach the level of $ 100,000 in 2022.
“Consensus on BTC’s $100,000 target could be achieved if a significant drop in Bitcoin’s volatility appears. Digital assets have been on an uptrend for a long time, but it doesn’t look “very interesting” to start investing at their current levels.”
According to JPMorgan analysts Bitcoin’s realistic price levelIt should now be around $35,000. CoinGecko According to data, Bitcoin (BTC) is currently trading at $ 63,000.
According to JPMorgan analysts, current volatility in BTC is “four times” compared to gold, but if current volatility is reduced by 50%, the reasonable price target will be $73,000.
JPMorgan strategists predict that other digital asset classes will appreciate by 15% next year, outpacing hedge fund and real estate returns. However, according to strategists, the “wild” fluctuations experienced by digital assets reduce their attractiveness.
After Bitcoin hit an all-time high in late October, JPMorgan stated that the rise of BTC was due to inflation concerns.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.