Donald Trump

Bitcoin

Rise

While Bitcoin (BTC) continues its recovery in recent days, bad news came to investors from JP Morgan.
US banking giant JP Morgan said that the recovery in Bitcoin may be short-term and temporary.
According to CoinDesk, JP Morgan claimed in a recent report that the recovery in the Bitcoin and cryptocurrency markets will be temporary.
Analysts stated that any near-term recovery would be tactical in nature and would not be the start of a new long-term uptrend.
Analysts first of all stated that the price of Bitcoin is still very high compared to the production cost of $ 43,000 and gold, and that this is the basis of their predictions.
Given that Donald Trump is more crypto-friendly than Joe Biden, both Bitcoin and gold are expected to benefit from the higher odds of a Trump victory in the US presidential elections in December, according to analysts.
Analysts led by Nikolaos Panigirtzoglou wrote:
<blockquote>
 “Some investors think a second Trump presidency would be friendlier towards cryptocurrency companies and crypto regulations, unlike the current Biden administration.”
</blockquote>
There are also claims that Donald Trump may announce Bitcoin as a reserve asset at the Bitcoin conference to be held in Nashville this weekend. At this point, 10x Research founder Markus Thielen and analysts predict that there may be a parabolic rise in Bitcoin price this week.
Related News: <a href="https://en.bitcoinsistemi.com/attention-to-this-week-in-bitcoin-btc-is-preparing-for-a-parabolic-rise-heres-why/" target="_blank" rel="noopener noreferrer nofollow">Attention to This Week in Bitcoin: BTC is Preparing for a Parabolic Rise! Here's Why!</a>
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/will-the-rise-in-bitcoin-continue-report-from-jp-morgan-that-will-upset-investors/" rel="noopener noreferrer nofollow">Will the Rise in Bitcoin Continue? Report from JP Morgan that will upset investors!</a>

Will the Rise in Bitcoin Continue? Report from JP Morgan that will upset investors!

Bitcoin Sistemi EN

Autres articles publiés le 22 juil. 2024

Dogwifhat (WIF) Barks Back With Big Rebound. Rollblock (RBLK) Presale Hotshot Hits Stage 4. Rende...

MoonBag's Presale Triumph: $3.7M Milestone Amid Metis's Whale Whispers

Investors More Bullish On Rollblock Despite Cardano Chang Hard Fork Upgrade and XRP Price Surge

What Is Crypto Airdrop, and How Does It Work?

MoonBag Casts A Dark Shadow on Theta By Emerging as The Best Presale

SSV Network DAO Launches Two New Projects to Boost Community Engagement

Join our free newsletter for daily crypto updates!