JPMorgan is well-known to all. The American bank has a global reputation. This business titan specifically stated that the market collapse for cryptocurrencies like Bitcoin (BTC) might only last a short while. In the most recent Bloomberg report, JPMorgan analysts express upbeat predictions for cryptocurrencies including Bitcoin. It will be interesting to watch if history vindicates them.
The JPMorgan analyst study on the Bitcoin (BTC) situation is reassuring.
JPMorgan researchers claim that the present trend in the cryptocurrency market may not endure for very long, according to a recent report from BNN Bloomberg. Analysts also contend that given the decline in the value of digital assets, the recent bankruptcy of crypto firms shouldn’t come as a surprise. Read this article on Three Arrows Capital’s bankruptcy to learn more about the topic.
JPMorgan believes that the rise of cryptocurrency businesses will overturn the effects of the bear market.
Although numerous cryptocurrency assets, including Terra and Celsius, have lately fallen, analysts at JPMorgan claim that venture capitalists and crypto companies are stepping in to “contain the contagion.” They claim that this would soon put an end to the bear market in cryptocurrencies. One might specifically consider businesses that continue to make significant investments in the industry, such FalconX or Magic Eden.
The cryptocurrency crisis started with the FED, right?
Sam Bankman-Fried, CEO of FTX, claims that the US Federal Reserve’s monetary policy has been the primary cause of the collapse of the cryptocurrency market. Indeed, SBF said that the aggressive interest rate increases made by the Federal Reserve were to blame for the collapse of the cryptocurrency sector. He claims that “the Fed has been the main cause of this…literally, the markets are afraid. Wealthy individuals are terrified. Before continuing, let me say that I believe it is our duty to seriously consider intervening. To stop the spread of the disease, even if it means losing ourselves. even though we didn’t cause it or have anything to do with it. I believe it is best for the ecosystem, and I want to do all the necessary steps to ensure its expansion and success.
Despite the present bear market, many recent studies from McKinsey and Bloomberg look quite upbeat. Indeed, for instance, investments in cryptocurrency businesses continue despite the present weak market. Some businesses fail, while others manage to raise millions of dollars. The only issue is predicting when and when prices will increase.
