Global investment bank JPMorgan has asked its clients what they think the price of bitcoin will be by year-end. Among the bank’s clients who responded, 55% expect the price of bitcoin to end the year at $60K or higher.
What JPMorgan’s Clients Expect the Price of Bitcoin to Be by Year-End
JPMorgan has conducted a survey of its clients about what they expect the price of bitcoin to be by year-end. The global investment bank released the results earlier this week. The survey was conducted between Dec. 13 and Jan. 7 as part of a broader macroeconomic outlook for 2022. Forty-seven of JPMorgan’s clients participated in the survey.
About 41% of the bank’s clients who responded expect bitcoin to end the year at around $60,000. 23% expect the price to be $20,000 while 20% expect it to be $40,000.
In addition, 9% believe that the price of BTC will reach $80,000, 5% think that it could be $100,000 or more, while 2% expect it to fall to $10,000 or lower.
Nikolaos Panigirtzoglou, a JPMorgan strategist and an author of the research note that included the survey, commented:
I’m not surprised by bitcoin’s bearishness … Our bitcoin-position indicator based on bitcoin futures looks oversold.
He added that the cryptocurrency’s fair value is between $35,000-$73,000, depending on what investors assume about its volatility ratio compared to gold.
At the time of writing, the price of bitcoin is $43,291 based on data from Bitcoin.com Markets.
Recently, the president of El Salvador, Nayib Bukele, predicted that the price of bitcoin will reach $100,000 by the end of the year. Global investment bank Goldman Sachs also sees the $100,000 level for BTC as a possibility. Crypto lending platform Nexo, however, expects the price of BTC to hit $100K by the middle of this year.
What is your bitcoin price prediction? Let us know in the comments section below.
Check live crypto rates here
Start trading today – See our list of exchanges
obviously like your website but you need to check the spelling on several of your posts. Several of them are rife with spelling issues and I find it very troublesome to tell the truth nevertheless I will certainly come back again.
I am glad that I detected this website, just the right information that I was looking for! .
Utterly composed articles, Really enjoyed reading.
What i do not realize is if truth be told how you’re no longer actually a lot more smartly-preferred than you may be now. You are so intelligent. You understand therefore significantly relating to this topic, made me in my view believe it from a lot of various angles. Its like women and men don’t seem to be fascinated except it¦s one thing to do with Girl gaga! Your individual stuffs outstanding. At all times handle it up!
This web site is really a walk-through for all of the info you wanted about this and didn’t know who to ask. Glimpse here, and you’ll definitely discover it.
It?¦s really a nice and useful piece of information. I?¦m happy that you just shared this helpful info with us. Please stay us informed like this. Thank you for sharing.
This design is wicked! You most certainly know how to keep a reader entertained. Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!) Fantastic job. I really enjoyed what you had to say, and more than that, how you presented it. Too cool!
Its good as your other articles : D, thankyou for posting. “The present is the necessary product of all the past, the necessary cause of all the future.” by Robert Green Ingersoll.
An attention-grabbing discussion is price comment. I believe that you need to write extra on this subject, it may not be a taboo topic however generally persons are not sufficient to talk on such topics. To the next. Cheers
An interesting discussion is worth comment. I think that you should write more on this topic, it might not be a taboo subject but generally people are not enough to speak on such topics. To the next. Cheers
I am extremely impressed with your writing abilities as smartly as with the structure on your blog. Is this a paid topic or did you customize it your self? Anyway keep up the nice high quality writing, it’s rare to see a nice weblog like this one today..
Would love to incessantly get updated great web site! .
Someone essentially help to make seriously posts I would state. This is the very first time I frequented your web page and thus far? I surprised with the research you made to create this particular publish incredible. Magnificent job!