U.S. investment bank JPMorgan said bitcoin’s inherent volatility would prevent more institutional companies from adopting the asset, and a previous estimate of $150,000 for bitcoin seems unlikely.
JpMorganlast week inseder in a conversation with bitcoin’s volatility converges below and where investors’ share of bitcoin in their portfolio equates to gold hypothetical $150,000 price targets unlikely in the foreseeable future expressed.
Our previous prediction that the volatility rate for bitcoin’s gold will drop by about half this year seems unrealistic. For bitcoin, which is currently four times more volatile than gold, our fair value would be a quarter of our previous estimate of $150,000, or $38,000.
Bank, your falls and your rise He said that it is inherent in bitcoin and that this volatility can prevent its adoption by institutional companies.
The biggest challenge going forward for Bitcoin is the volatility it has and the bullish and bearish cycles that hinder further institutional adoption.
Also in speech on the drop in bitcoin in ongoing sales did not observe a decrease stating that JPMorgan that the price is down suggested.