Analysts at JPMorgan have recently published a deep dive into the cryptocurrency space and renewed in their analysis their $146,000 فی بٹ کوائن کی قیمت کی پیشن گوئی طویل مدت میں، اگر کریپٹو کرنسی کا اتار چڑھاؤ کم ہوتا ہے اور ادارہ جاتی سرمایہ کار سونے پر بی ٹی سی کو ترجیح دیتے ہیں۔
The analysts led by Nikolaos Panigirtzoglou revealed they see bitcoin as a scarce product that is increasingly competing with gold for investors’ preference as a hedge against inflation. Gold, they argued, failed to respond in recent weeks to heightened concerns over inflation, which is at a 13-year high in the United States and surge all around the world.
The re-emergence of inflation concerns among investors during September/October 2021 appears to have renewed interest in the usage of bitcoin as an inflation hedge.
To Panigirtzoglou there is “little doubt” that bitcoin will keep on competing with gold, especially as millennials become more powerful in the investing universe. Per the analysts, taking into account how “big the financial investment into gold is,” any such “crowding out of gold as an ‘alternative’ currency implies big upside for bitcoin.”
The analysts pointed to a $146,000 long-term price target, but noted that for it to come true bitcoin’s volatility would have to fall sharply, بزنس اندرونی reports, so that rules-bound investors feel comfortable holding the cryptocurrency.
BTC’s volatility, the analysts said, is currently around four to five times higher than that of gold, and is currently a block to sustainable price rises. Bitcoin’s reputation among institutional investors reportedly took a hit after it fell from a $64,000 high to less than $30,000 earlier this year.
While bitcoin has since recovered to now trade above the $60,000 mark, to JPMorgan’s analysts its fair price is around $35,000 for now. The bank has, nevertheless, said that if the cryptocurrency’s volatility keeps falling it will be around $73,000 next year.
Given bitcoin’s volatility, the analysts predict that a $146,000 price target is in play, but a plunge below $30,000 is also a real possibility.
ڈس کلیمر
مصنف، یا اس مضمون میں مذکور کسی بھی لوگوں کے خیالات اور آراء کا اظہار صرف معلوماتی مقاصد کے لیے ہے، اور وہ مالی، سرمایہ کاری، یا دیگر مشورے پر مشتمل نہیں ہیں۔ کرپٹو اثاثوں میں سرمایہ کاری یا تجارت کرنا مالی نقصان کے خطرے کے ساتھ آتا ہے۔
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