Post
Topic
Board Economics
Re: JP Morgan says large firms will not follow Tesla's bitcoin move
by
error08
on 11/02/2021, 06:25:37 UTC
JP Morgan predicts bitcoin price could rise to $146k in the long term as institutional investors continue to increase their portfolios with the cryptocurrency at the expense of gold, stated in the news on January 5th, later in their next statement when bitcoin price fall to $30k; analysts at the financial JP Morgan Chase doubt that the electronic currency can be traded above $ 40,000 again. Seems their words and predictions contradict each other, not to mention their act to possibly buy bitcoin.
Grayscale, Microstrategy, and Tesla have been investing in bitcoin, how could it does not trigger others to follow their path? it just the early days of 2021, bitcoin still has a lot of room to grow this year upon inflation and depreciation of fiat currencies.

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