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22 April 2021

Ark Invest and JPMorgan expect Bitcoin to hit $130K-$470K

Ark Invest and JPMorgan expect Bitcoin to hit $130K-$470K


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JPMorgan expects Bitcoin (BTC) to reach $130,000, while Ark Invest anticipates the market valuation of BTC to surpass that of gold.

Ark Invest, as an example, sees Bitcoin nearing $500,000 in the future considering that the fund expects it to surpass gold by market capitalization.

Meanwhile, JPMorgan has set a more conservative target at $130,000, which is more realistic as a shorter-term target for Bitcoin, as it would put BTC's valuation at around $2.73 trillion.

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cointelegraph.com
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