JPMorgan is optimistic about the 2026 cryptocurrency market, believing that institutional funds and clearer regulations will drive market recovery.

Bitcoin's current price is below the mining cost and is expected to self-correct;

The implementation of cryptocurrency-related legislation in the U.S. is likely to further attract institutional participation.

On February 12, according to a report by CoinDesk, JPMorgan analysts expressed an optimistic outlook for the 2026 cryptocurrency market, despite the significant decline experienced this year. Analysts believe that the inflow of institutional investor funds and regulatory clarity will support the next round of increases in the digital asset market. The report notes that the production cost of Bitcoin has decreased to about $77,000, although the current trading price is approximately $66,300, below this level, the bank believes this dynamic will ultimately self-correct.

At the same time, Bitcoin's attractiveness relative to gold has increased, as gold has recently outperformed Bitcoin, but its volatility has significantly increased. JPMorgan expects that further cryptocurrency legislation in the U.S. (such as the Clarity Act) will provide the necessary clarity for institutional participation, thereby driving market recovery. #比特币挖矿难度下降 #何时抄底？

In my personal opinion, I am bearish in the short term and bullish in the long term. Are there any friends with different opinions? Feel free to leave your reasons in the comments section, and let's discuss together!