Bitcoin (BTC) could climb to $240,000 over the long term, according to a recent JPMorgan note ***** sing the ***** et’s evolving market structure.
The projection followed a weak stretch for the broader crypto market, with BTC falling from its early October peak of $126,000 to around $82,000 in November.
At the time of writing, BTC had stabilized near $86,610.
In the note, ***** ysts wrote that crypto markets are now influenced more by macroeconomic forces than by Bitcoin’s four-year halving cycle, which historically preceded major bull runs.
“Crypto is moving away from resembling a venture
The projection followed a weak stretch for the broader crypto market, with BTC falling from its early October peak of $126,000 to around $82,000 in November.
At the time of writing, BTC had stabilized near $86,610.
In the note, ***** ysts wrote that crypto markets are now influenced more by macroeconomic forces than by Bitcoin’s four-year halving cycle, which historically preceded major bull runs.
“Crypto is moving away from resembling a venture
25 days ago
