Topic: [2024-11-08] JPMorgan Stays Bullish: 'We Are Positive on Bitcoin Into 2025' (Read 58 times)
November 08, 2024, 01:29:30 PM
Quite a change from when Jamie Dimon called bitcoin a "fraud", "a pet rock" and a "Ponzi scheme". Of course Buffett (and while alive Munger) doesn't understand it either. Ditto Schiff. It probably is like the people who thought Ford was a fraud and automobiles wouldn't replace the horse and carriage.
November 08, 2024, 06:42:07 AM
I remember when JPMorgan analyst said that bitcoin may go to or below $45000. Good to know that they are very wrong. The bull market is not yet over. Bitcoin will get to ATH and also probably go above $100000. Let us be optimistic about it. The time for bear market is not yet now. Bitcoin may retrace but later increase and make holders happy.
November 07, 2024, 11:49:21 PM
JPMorgan Stays Bullish: 'We Are Positive on Bitcoin Into 2025'
JPMorgan forecasts a bullish outlook for bitcoin through 2025, citing Trump’s economic policies and intensified “debasement trade” strategies favoring bitcoin and gold as hedges against currency devaluation.
Bullish Outlook: JPMorgan Sees Bitcoin Poised for Gains Through 2025
Global investment bank JPMorgan released a report on Thursday, detailing how Donald Trump’s recent victory in the U.S. presidential election may boost both bitcoin and gold investments, aligning with the “debasement trade” approach. This strategy focuses on acquiring assets like gold and bitcoin that tend to hold value in periods of currency devaluation, often spurred by inflation or fiscal policies that expand national debt.
JPMorgan’s managing director Nikolaos Panigirtzoglou explained that Trump’s policies might intensify the debasement trade, influenced by factors such as tariffs, geopolitical strains, and expansive fiscal measures that increase debt. He stated:
Following the election results, bitcoin’s price rose to an all-time high of $76,244 on Nov. 6 before stabilizing at around $75,100.
JPMorgan analysts also foresee further momentum for bitcoin, propelled in part by Microstrategy’s aggressive investment approach, dubbed the “21/21 plan.” This strategy aims to raise $42 billion over three years, with funds split evenly between equity and fixed-income securities. “For 2025 alone MicroStrategy would be investing $10 billion into bitcoin which is roughly equal to its cumulative purchases so far since mid-2020!” the report notes.
The bank additionally highlighted a continued rise in retail investment in both bitcoin and gold, especially through exchange-traded funds (ETFs). Analysts expect this trend, which has accelerated since last summer, to persist into 2025 under Trump’s administration. Central banks are also projected to increase demand for gold as institutions like China’s People’s Bank diversify reserves due to tariffs and geopolitical uncertainties. Panigirtzoglou remarked to The Block:
Source: https://news.bitcoin.com/jpmorgan-stays-bullish-we-are-positive-on-bitcoin-into-2025/
JPMorgan forecasts a bullish outlook for bitcoin through 2025, citing Trump’s economic policies and intensified “debasement trade” strategies favoring bitcoin and gold as hedges against currency devaluation.
Bullish Outlook: JPMorgan Sees Bitcoin Poised for Gains Through 2025
Global investment bank JPMorgan released a report on Thursday, detailing how Donald Trump’s recent victory in the U.S. presidential election may boost both bitcoin and gold investments, aligning with the “debasement trade” approach. This strategy focuses on acquiring assets like gold and bitcoin that tend to hold value in periods of currency devaluation, often spurred by inflation or fiscal policies that expand national debt.
JPMorgan’s managing director Nikolaos Panigirtzoglou explained that Trump’s policies might intensify the debasement trade, influenced by factors such as tariffs, geopolitical strains, and expansive fiscal measures that increase debt. He stated:
Quote
We do not see the initial negative market reaction by gold as a rejection of the ‘debasement trade’ under a Trump win. After all, bitcoin, the other component of the ‘debasement trade’ rallied after the Trump win.
Following the election results, bitcoin’s price rose to an all-time high of $76,244 on Nov. 6 before stabilizing at around $75,100.
JPMorgan analysts also foresee further momentum for bitcoin, propelled in part by Microstrategy’s aggressive investment approach, dubbed the “21/21 plan.” This strategy aims to raise $42 billion over three years, with funds split evenly between equity and fixed-income securities. “For 2025 alone MicroStrategy would be investing $10 billion into bitcoin which is roughly equal to its cumulative purchases so far since mid-2020!” the report notes.
The bank additionally highlighted a continued rise in retail investment in both bitcoin and gold, especially through exchange-traded funds (ETFs). Analysts expect this trend, which has accelerated since last summer, to persist into 2025 under Trump’s administration. Central banks are also projected to increase demand for gold as institutions like China’s People’s Bank diversify reserves due to tariffs and geopolitical uncertainties. Panigirtzoglou remarked to The Block:
Quote
We are positive on bitcoin into 2025.
Source: https://news.bitcoin.com/jpmorgan-stays-bullish-we-are-positive-on-bitcoin-into-2025/
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