✉news BusinessCrypto first seen 14 h ago, last 7 h ago, peak #17
JPMorgan Sets First Bitcoin Price Target at 10% Annual Gains
Original: JPMorgan Puts a Number on Bitcoin for the First Time: 10% a Year, With a Big Caveat
JPMorgan has issued its first numerical forecast for Bitcoin, projecting roughly 10% annual returns, though analysts attached a significant caveat to the estimate. The move marks a notable shift for a major Wall Street bank that has historically been skeptical of cryptocurrency. Details of the caveat were not specified in the available reporting.
Why now: A major Wall Street bank assigning an official return figure to Bitcoin for the first time is significant news for crypto markets and institutional investors.
Evidence
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