JP Morgan Reaffirms its $146,000 Bitcoin Price Prediction
<p>Nikolaos Panigirtzoglou, the analyst at JP Morgan, reaffirmed the company’s previous $146,000 Bitcoin long-term price prediction, mentioning that the re-emergence of inflation concerns among many renewed interest in the usage of bitcoin as an inflation hedge. Panigirtzoglou also anticipates the cryptocurrency’s competition with gold to continue, as more millennials who prefer cryptos, invest. However, the analyst noted that the price could reach those high levels in case bitcoin’s volatility subsides, so that investors feel comfortable adding Bitcoin to their portfolios.</p>
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