@feltbill
A team of JPMorgan analysts led by Nikolaos Panigirtzoglou (Nikolaos Panigirtzoglou) emphasized that the bitcoin price of $67,000 is overvalued for the current market situation. The experts pointed out the difference between the first cryptocurrency and gold, taking into account the volatility, which indicates that the growth potential of BTC value in the long term will be limited.
The report also paid attention to the situation around the upcoming U.S. presidential election in November and the position of the Republican Party candidate Donald Trump (Donald Trump) in relation to the crypto industry. JPMorgan believes that bitcoin and gold will increase in value if former President Donald Trump takes office again.
Analysts noted that investors expect a more liberal policy of the US federal government in relation to the cryptocurrency market under the new White House administration.
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