JPMorgan Sees 28% Upside For Bitcoin: Report


Banking giant JPMorgan said in a note Wednesday that bitcoin and cryptocurrencies are now among its preferred “alternative” investments, Markets Insider reported.

Assets deemed as risky, which often includes bitcoin in the minds of professional and institutional investors, have plunged in 2022 amid tighter monetary policies and multiple decades-high inflation numbers in the U.S. and around the world.

Bitcoin and equities have broadly tumbled so far this year against a backdrop of less liquidity on the market and low prospects for the Russian-Ukrainian war to come to a close anytime soon. Image source: TradingView.

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