JPMorgan says bitcoin could rally as high as $100,000 – but warns that such a surge would be ‘unsustainable’ | Currency News | Financial and Business News
“We believe that the valuation and position backdrop has become a lot more challenging for bitcoin at the beginning of the New Year,” JPMorgan said. At its current market cap of $575 billion, bitcoin would have to surge to $146,000 to match the total private sector investment in gold via ETFs or bars and coins, … Read more