JPMorgan Analysts Drastically Lower Long-Term Price Target for Bitcoin, Name Biggest Challenges for BTC: Report

Market strategists at banking giant JPMorgan are reportedly downsizing their long-term price prediction for Bitcoin after BTC lost 50% in just two months. In a Business Insider report, JPMorgan analysts drastically slash their long-term price target for Bitcoin, saying that BTC’s volatile boom-or-bust nature will impede its widespread adoption by blue-chip investors. “Our previous projection […] The post JPMorgan Analysts Drastically Lower Long-Term Price Target for Bitcoin, Name Biggest Challenges for BTC: Report appeared first on The Daily Hodl.