Tag: 130K470K

Top US Funds Like Ark Investment and JPMorgan Expect Bitcoin (BTC) Price to Touch $130K-$470K

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Bitcoin (BTC) has been the hot topic of discussion for some of the top financial companies in the US. Big giants are already giving six-figure targets for BTC and expecting it to overtake gold in the long term. Bitcoin (BTC) is currently flirting at around $59K levels at this point as the overall cryptocurrency market cap is around $2 trillion. Well, as Bitcoin continues to consolidate its position at this point, top US funds, including Ark Invest, are giving massive price targets for BTC in the long term. Well, the…

Ark Invest and JPMorgan expect Bitcoin to hit $130K-$470K

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JPMorgan expects Bitcoin (BTC) to reach $130,000, while Ark Invest anticipates the market valuation of BTC to surpass that of gold. The optimistic macro prediction from both funds revolves around the scarcity of Bitcoin, which has buoyed its popularity as a safe-haven asset. BTC/USD 1-day price chart (Binance). Source: TradingView.com Why are both high-profile funds so optimistic in Bitcoin? As Cointelegraph previously reported, the outlook of the U.S. dollar index is on the decline. The fear of inflation and the increasing liquidity in the financial markets is causing reserve currencies,…