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JPMorgan Sees 28% Upside For Bitcoin: Report

Banking large JPMorgan mentioned in a observe Wednesday that bitcoin and cryptocurrencies are now amongst its most popular “alternative” investments, Markets Insider reported.

Assets deemed as dangerous, which often includes bitcoin within the minds {of professional} and institutional buyers, have plunged in 2022 amid tighter financial insurance policies and a number of decades-high inflation numbers within the U.S. and world wide.

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.

Bitcoin and equities have broadly tumbled to this point this 12 months towards a backdrop of much less liquidity in the marketplace and low prospects for the Russian-Ukrainian conflict to come to a detailed anytime quickly. Image supply: TradingView.

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