JPMorgan backs bitcoin to rise 28% and says cryptocurrencies are now its preferred alternative asset

JPMorgan backs bitcoin to rise 28% and says cryptocurrencies are now its preferred alternative asset

JPMorgan said it thought bitcoin’s fair price was 28% higher than its current level. Cryptocurrencies have fallen dramatically in 2022 as investors have ditched riskier investments. But JPMorgan said it saw an upside for bitcoin and crypto markets more generally after the sell-off. Get the inside scoop on what traders are talking about — delivered daily to your inbox. Loading Something is loading.

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