JPMorgan is bullish on the cryptocurrency market: expecting explosive growth in 2026 🚀
On February 12, 2026, TheStreet reported that the cryptocurrency market has not fully recovered from the crash on October 11, 2025. The total market value of digital assets has fallen from $3.1 trillion a month ago to the current $2.3 trillion, a significant drop.📉
Despite the overall pessimistic market sentiment following the crash😟, JPMorgan remains optimistic about the cryptocurrency outlook in 2026😊. The bank's latest view suggests that the continued inflow of institutional funds💰 and the gradual clarification of the regulatory environment🪟 will provide a more solid foundation for the rise of the digital asset market📈.
Led by Nikolaos Panigirtzoglou, JPMorgan's analyst team pointed out in the report: "We hold a positive view on the crypto market in 2026🌟, expecting the inflow of digital asset funds to further accelerate, and this round of growth will be mainly driven by institutional investors🏦."
Additionally, JPMorgan currently estimates that the production cost of Bitcoin is around $77,000 per coin₿. This level may become a new price equilibrium point after the miners' clearing phase⚖️. If Bitcoin prices remain below this cost for an extended period, it will force less efficient miners to exit the market⛏️; but at the same time, this will also lower the overall production costs across the network, triggering a self-correcting mechanism for Bitcoin prices🔄.
