| Is bitcoin headed to $100,000 in 2021 or is its price... |
In our opinion, unless bitcoin volatility subsides quickly from here, its current price of $48,000 looks unsustainable,” wrote the bank’s strategists, including Nikolaos Panigirtzoglou. “What has been remarkable over the past five months is that the $700[billion] increase in the market cap of bitcoin has taken place with relatively little institutional flows,” wrote JP Morgan. The institution says that the inelastic supply of bitcoin from mining and a premium being offered to existing holders to part ways with their coins is helping buy prices. |
4 years, 45 weeks and 3 days |
