Prepare for tears: JP Morgan is waiting for the fall of Bitcoin to 1260 dollars
Source:It's time to add to the list of bearish forecasts another news. This time in the role of skeptics was made by JP Morgan analysts. According to them, will fall to $ 1,260 in the next couple of years. While the global financial system will not make anything useful of blockchain technology.
It Seems that bankers still fear are innovations in Finance. This attitude will not change in the next five years — to Bitcoins and Aldona are still treated with mistrust, which will negatively affect the growth of digital assets.
theWhen Bitcoin will bottom
Experts one of the most famous investment banks of the world think that the real value of crypt is still not proven. Cryptomnesia supposedly «draw implausible situation», in which the world's major investors had to abandon the gold and the U.S. dollar.
Even in such extreme scenarios, like a recession or a new global crisis, there are more liquid instruments for the transfer, investment and hedging values.
Analysts also noted that over the past six months institutional investors have lost much of its interest in the stock market. At the moment a large part of the industry support the individual investors.
Source: Reddit
The Use of Bitcoin as means of payment also remains «difficult», as in JP Morgan are unable to find any large enterprise, which is now freely took digital assets. If the bear market will last for a long time, and he already has the potential of a record in the history of Bitcoin, the cryptocurrency has the potential to fall down to $ 1260.
What do you think about this? Share your opinion in our . For the current exchange rate of coins and Bitcoin in particular to follow .
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...
Related News
VEB and the Grozny mayor's office transferred the housing sector on the blockchain
In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...
Hacker 1337. How to hack Etherscan not to cause any harm
Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...
Radio: a hacker hacked a satellite to transmit messages about Bitcoin
the Hacker, who supposedly lives in Eastern Europe, managed to hack into a satellite in orbit. Now he sends it via an encrypted message in a post-apocalyptic style. One of the first noticed something was wrong the user under the n...
Gold reserves: how much money in the insurance Fund BitMEX?
the Hong Kong exchange has so much that can Fund attack 51 directly against the few altcoins for months. No, BitMEX is not going to ruin the stock market. We will focus on the volume of the insurance Fund trading platform and its ...
Humanity cannot survive without cryptocurrency in the digital age. Why?
CEO of Circle Jeremy Allaire says that humanity will not be able to survive the digital age without a cryptocurrency because it is decentralized and fault-tolerance nature makes them indispensable. This opinion was expressed by Al...
Researchers at MIT are preparing a cryptocurrency. What will be its main advantage over Bitcoin?
Researchers at the Massachusetts Institute of technology (MIT) has created a cryptocurrency to approve a transaction which nodes need 99 percent less data compared to Baccano . About it on January 23 announced on the official blog...
XRP market cap is overstated by 6 billion. What is the explanation?
According to the report of a startup Messari, which specializiruetsya on cryptocurrency valid data capitalization and current supply is much below the data. On Coinmarketcap number XPR in turnover of approximately 41 billion token...
Insight: Samsung Galaxy S10 supplied built-in crypto
Insider Gregory Blake published on Twitter a few images of an alleged prototype of Samsung Galaxy S10. According to the source, the new flagship South Korean manufacturer will have something called Samsung Blockchain KeyStore — bu...
Wealth from heaven: because of an error of crypto currency exchange its users received $ 5.3 million
the Real «free» can wait for you anywhere. Korean crypto currency exchange Coinnest recently made an official statement on airdrop tokens We Game Tokens (WGT). Due to an unfortunate error during the process of distributi...
Analyze graphs: Ethereum again under threat of draining
Price did not manage to stay in the bullish area at a scale of 1-hourly chart. Trading a pair of ETH/USD still remains under the threat of a new drain. That the cryptocurrency was able to hold above $ 100, it should breach the res...
Scheme of the century. Europol has arrested a hacker for stealing IOTA for 10 million euros
the 36-year-old hacker was arrested by the police South-East of the regional units for combating organized crime UK (SEROCU). According to sources, a suspect in the theft amounting to more than 10 million euros (11.4 million dolla...
Right now in Davos is the world economic forum. PayPal CEO Dan Schulman expressed skepticism about the mass adoption by merchants. In his view, there are very few retailers who are willing to work with cryptocurrencies. Our compan...
Students at Cambridge University have figured out how to return the stolen bitcoins
To date, no one has yet managed to accurately count the number of lost and stolen . In cryptocommunist there are lots of theories on this, officially, out of circulation forever out coins with a total worth a billion dollars. Why ...
The trader stole 5.4 BTC on Huobi. Exchange excuses
Chinese captainvalor recently made a statement against Huobi. According to him, due to the internal vulnerability of the site the user lost 5.4 , however, the exchange disclaims any liability for the incident. User forum 8btc surn...
CBOE has decided to withdraw approval for a Bitcoin ETF. What is the reason?
BZX Exchange CBOE withdrew the proposed rule that, if approved by the SEC would have opened the way for the creation of the ETF . To date, this event could be a potential trigger for the next global bullrun. on Wednesday, the Depu...
Jamie Dimon: I'm not gloating due to the fact that the crypt was blown away
CEO of JP Morgan Jamie Dimon in 2017, has become the undisputed captain of a brigade of haters . Then he called cryptocurrency “fraud”, which eventually deflate. However, now that the cryptocurrency bubble is still burst, daymon i...
Bitcoin will fall to zero. Comments on the economic forum in Davos
Recall now snow-covered city of Davos stirs debate taking place there the world economic forum. Senior Advisor of the Bank of England has already said about the futility of cryptocurrency. Following this, the founder of BCG Digita...
Bearish trend 2018 may be the longest in the history of Bitcoin
Bear market 2018 just a step away from its main record — in exactly a month's downtrend will become the longest fall in history. It is noteworthy that the duration of the domination the bears had no effect on them «efforts...
Joy miner: Sapphire will release a graphics card for mining Grin
Cryptocurrency Grin on the new Protocol MimbleWimble continues to gain popularity in the industry. Now even the manufacturers of the equipment connected to the hype in an attempt to capitalize on the new blockchain. Hong Kong-base...
The miners found refuge in zcash for. Hasrat coins increased by 650 percent
while in the second half of last year, Hasrat rushed down, showing a steady upward trend. Bitcoin miners began captaining scene since the mid-2018, when the price of the dominant coin of the beginning of a rapid decline. In the en...
Comments (0)
This article has no comment, be the first!