JPMorgan Sees 28% Upside For Bitcoin: Report


Banking giant JPMorgan said in a note Wednesday that bitcoin and cryptocurrencies are now among its preferred “alternative” investments, Markets Insider reported.

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Assets deemed as risky, which often includes bitcoin in the minds of professional and institutional investors, have plunged in 2022 amid tighter monetary policies and multiple decades-high inflation numbers in the U.S. and around the world.

Bitcoin and equities have broadly tumbled so far this year against a backdrop of less liquidity on the market and low prospects for the Russian-Ukrainian war to come to a close anytime soon. Image source: TradingView.

Bitcoin and equities have broadly tumbled so far this year against a backdrop of less liquidity on the market and low prospects for the Russian-Ukrainian war to come to a close anytime soon. Image source: TradingView.


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