431: JP MORGAN REPORT SUGGEST BITCOIN PRICE COULD SOAR TO $650K IF BTC STAYS THE COURSE!!

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English - December 24, 2020 15:52 - 15 minutes - 15.4 MB - ★★★★ - 537 ratings
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The leading multinational investment bank in the US, JP Morgan believes the Bitcoin price can soar to $650,000.

The investment bank reckons that if Bitcoin stays the course and draws more investors, it could reach a price level of $650,000. JP Morgan fancies this being the case if the crypto attains the same market cap as gold. Of course, this won’t happen in the near future. In the report, JP Morgan asserts that by virtue of increased institutional adoption of Bitcoin, the price jump will likely happen sooner than it had been expected.

The bank recently suggested that many institutions will follow the likes of MassMutual and MicroStrategy in getting exposure to Bitcoin. JP Morgan predicted a resulting inflow of $600 billion into Bitcoin. More companies investing in Bitcoin will be key in driving Bitcoin prices higher.

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