JP Morgan: Bitcoin (BTC) Could Fall To $1,250 If Crypto Bear Market Persists

According to an exclusive report from Reuters, JP Morgan’s very own analysts have begun to express cynicism towards cryptocurrencies, namely Bitcoin. The Wall Street giant, whose chief executive Jamie Dimon has overtly bashed BTC multiple times historically, released a report on its crypto & blockchain expectations on Thursday.

In the research piece, analysts from JP Morgan, a multinational investment and financial services household name, first claimed that digital assets, along with blockchain technologies and similar innovations, will likely have close to zero impact on financial incumbents for a minimum of three to five years.

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