Bitcoin
BTC$70 638.80

0.70%

Ethereum
ETH$3 565.34

-0.37%

Tether
USDT$0.999450

-0.04%

Binance Coin
BNB$581.89

0.78%

Solana
SOL$183.34

-1.85%

XRP
XRP$0.618901

-0.43%

Top investment bank predicts Bitcoin to hit $188000 in the long term


06 Jan 2021

#Bitcoin

One of the world’s largest investment banks has theorised that cryptocurrency Bitcoin could reach as high as US$146,000 ($188,430), but it won’t happen in 2021. In a research note, JPMorgan & Chase analysts claimed that as money from traditional gold investments flowed to Bitcoin, the two would compete for investment capital.

With Bitcoin as an alternative “safe haven” to gold, the analysts gave Bitcoin a long-term price scenario of US$146,000. But the crypto’s recent rally – which has seen it push to record highs – may still have some more legs before retreating. 

“The valuation and position backdrop has become a lot more challenging for Bitcoin at the beginning of the New Year,” the research note states. “While we cannot exclude the possibility that the current speculative mania will propagate further pushing the Bitcoin price up toward the consensus region of between $50,000-$100,000, we believe that such price levels would prove unsustainable.”

Source


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 79.2% 44 $70 638.80 0.70% 5.03% $1 389 224 140 780 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 72.8% 48 $3 565.34 -0.37% 0.63% $428 096 700 911 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.8% 1 $0.999450 -0.04% -0.10% $104 396 726 096 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 63.2% 80 $581.89 0.78% 4.06% $87 013 557 574 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 60% 89 $183.34 -1.85% -3.70% $81 456 432 857 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 84% 31 $0.618901 -0.43% 0.46% $33 967 887 928 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 93.2% 2 $1.000043 0% -0.06% $32 204 461 666 USDC 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 67.6% 68 $0.216094 15.17% 41.35% $31 042 497 287 DOGE 7 days price change
9 Cardano (ADA) ADA Cardano predictions 68.4% 67 $0.645630 -1.16% 2.11% $22 972 095 050 ADA 7 days price change
10 Avalanche (AVAX) AVAX Avalanche predictions 58.4% 88 $53.81 -1.05% -2.04% $20 307 708 295 AVAX 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 57.6% 94 $0.000032 5.06% 17.60% $18 849 625 719 SHIB 7 days price change
12 Toncoin (TON) TON Toncoin predictions 58% 88 $4.98 -1.38% 19.45% $17 270 209 242 TON 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 76% 52 $9.45 -1.74% 0.78% $13 478 466 986 DOT 7 days price change
14 Chainlink (LINK) LINK Chainlink predictions 76.4% 42 $19.28 -2.13% 5.57% $11 319 050 024 LINK 7 days price change
15 Bitcoin Cash (BCH) BCH Bitcoin Cash predictions 68.8% 60 $569.11 14.45% 32.42% $11 201 035 891 BCH 7 days price change

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