{"id":15394,"date":"2024-07-22T10:19:24","date_gmt":"2024-07-22T07:19:24","guid":{"rendered":"https:\/\/forklog.com\/en\/jpmorgan-questions-bitcoins-sustained-growth\/"},"modified":"2024-07-22T10:19:24","modified_gmt":"2024-07-22T07:19:24","slug":"jpmorgan-questions-bitcoins-sustained-growth","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/jpmorgan-questions-bitcoins-sustained-growth\/","title":{"rendered":"JPMorgan Questions Bitcoin&#8217;s Sustained Growth"},"content":{"rendered":"<p>The recent rise in cryptocurrency prices is likely tactical and not the start of a prolonged upward trend, according to conclusions drawn by JPMorgan, as reported by <a href=\"https:\/\/www.theblock.co\/post\/306495\/jpmorgan-crypto-rebounds-unlikely-sustained\">The Block<\/a>.<\/p>\n<p>Experts noted that the current bitcoin price significantly exceeds its mining cost (~$43,000) and appears inflated compared to the &#8220;fair&#8221; price adjusted for volatility relative to gold (~$53,000). A substantial upward deviation from this parameter &#8220;limits the potential for long-term growth.&#8221;<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1114.webp\" alt=\"1-1114\" class=\"wp-image-237413\"\/><figcaption class=\"wp-element-caption\">Data: JPMorgan.<\/figcaption><\/figure>\n<p>Analysts predicted positive market dynamics in August due to the diminishing impact of actions by German authorities and the distribution of coins among clients of <a href=\"https:\/\/u1f987.com\/en\/news\/gemini-earn-users-to-recover-2-18-billion-in-assets\">Gemini<\/a> and Mt.Gox. In this scenario, the bitcoin price would align with gold futures, which have recently seen an increase.<\/p>\n<p>Experts noted that both assets would benefit if Donald Trump wins the upcoming U.S. presidential election.<\/p>\n<p>In addition to a more favorable stance compared to the Democratic Party&#8217;s position, they mentioned the Republican candidate&#8217;s plans to impose trade tariffs on Chinese goods. This would encourage central banks to diversify reserves in favor of precious metals.<\/p>\n<p>Previously, former BitMEX CEO Arthur Hayes stated that investments in digital assets are the &#8220;best way to preserve wealth.&#8221; In this regard, the leading cryptocurrency is preferable to gold due to the absence of national control.<\/p>\n<p>Speculation has begun on social media about a U.S. bitcoin reserve fund, which Trump is allegedly set to announce at the Bitcoin 2024 conference in Nashville.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The recent rise in cryptocurrency prices is likely tactical and not the start of a prolonged upward trend, according to conclusions drawn by JPMorgan, as reported by The Block. Experts noted that the current bitcoin price significantly exceeds its mining cost (~$43,000) and appears inflated compared to the &#8220;fair&#8221; price adjusted for volatility relative to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15393,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1146,536,229],"class_list":["post-15394","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-market-forecasts","tag-gold","tag-jpmorgan"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15394","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=15394"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15394\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/15393"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=15394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=15394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=15394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}