Forecast: Bitcoin to grow up to $146,000

12:13 - 5.01.2021


January 5, Fineko/abc.az. Reputable and well-known investment companies have voiced their forecast expectations regarding the price of bitcoin.

ABC.AZ reports that JPMorgan Chase Co. believes that the price of the popular cryptocurrency can theoretically grow up to $146,000.

Analysts see the cause in the fact that bitcoin competes with gold in investment flows. Thus, the market value of bitcoin is expected to increase 4.6-fold to meet total private sector investments such as ETFs or bullions and coins. In this case, the theoretical price of $146,000 is obtained.

 

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