🚀 JPMorgan predicts that the cryptocurrency bull market will last until the end of 2026: Key points in-depth analysis
As the market seeks direction amid fluctuations, JPMorgan has released its latest optimistic report. Analysts at the bank expect steady growth in the cryptocurrency market over the next two years. Here are the core points of the report:
1. Institutional investors are the core engine 🏢
Unlike previous cycles, JPMorgan believes that the driving force behind this growth is not the frenzy of retail investors, but the entry of large capital. The clarification of U.S. regulatory policies (such as the progress of the Clarity Act) will be a major catalyst.
2. Bitcoin vs Gold ⚖️
An interesting observation: recent volatility in gold has increased, while Bitcoin (BTC) offers more attractive long-term returns. Analysts believe that in the battle for long-term reserve assets, Bitcoin is gradually gaining an advantage.
3. Mining costs and market balance ⛏️
It is estimated that the average mining cost of Bitcoin is currently around $77,000, while the market price fluctuates around $67,000. This means:
Some miners may shut down due to losses. This will lead to a reduction in mining difficulty, thus bringing the market back to balance. Historically, prices below mining costs are often considered strategic "accumulation zones."
4. The end of the "speculation era"? 📉
Galaxy Digital CEO Mike Novogratz also confirms this trend: more and more conservative investors are entering the market. The era of achieving "hundredfold returns" through emotional speculation is gradually fading, replaced by a market that is more stable and mature in returns.
Summary: JPMorgan believes that the current volatility is just a brief adjustment before large institutional funds fully enter the market.
Do you think Bitcoin can break the $100,000 barrier by the end of this year? Or will it enter a long-term sideways consolidation? Feel free to share your thoughts in the comments! 👇
