JP Morgan Chase reaffirms its long-term goal of Bitcoin at $ 146,000

On November 4, JPMorgan Chase reiterated in a recent report that he expects the value of Bitcoin to reach $ 146,000 in the long term if there are no major changes and financial companies start to fall. prefer Bitcoin to gold in their investments. These plans are about 130% higher than the current price of Bitcoin, which is less than $ 62,500. JPMorgan Chase believes that Bitcoin is increasingly competitive with gold for investor interest rates as a hedging measure, noting that Bitcoin is also a less traded commodity. In other words, even if inflation increases in addition to other assets, the value of assets also increases. (Financial Sina)