JPMorgan: Bitcoin could reach heights of $146,000, but not just yet

As cryptocurrencies become increasingly mainstream, JPMorgan believes that Bitcoin could rise to a high of $146,000 per coin in the future.

In a new note, strategists from the investment banking company led by Nikolas Panigirtzoglou shared their thoughts on how Bitcoin could compete with gold as an asset class. However, in order to do so, Bitcoin’s market capitalization of around $575bn would need to rise by more than four times.

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