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19 April 2021

JP Morgan Revises Bitcoin Target To $130,000, Citing Decreased Volatility

JP Morgan Revises Bitcoin Target To $130,000, Citing Decreased Volatility


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On the basis of Bitcoin’s declining long term volatility, the strategists revised their Bitcoin price target to align with private market investment in Gold.

"Considering how big the financial investment into gold is, any such crowding out of gold as an 'alternative' currency implies big upside for bitcoin over the long term… Mechanically, the Bitcoin price would have to rise [to] $130,000 to match the total private sector investment in gold,”JP Morganreportedly said in the email

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