JPMorgan Experts Warn of Potential Major Correction for Bitcoin Post-Halving
Thursday, 29 February 2024, 21:19
JPMorgan analysts predict that reduced miner rewards and doubling production costs will depress Bitcoin prices.
JPMorgan experts have raised concerns about the future of Bitcoin following the anticipated halving event in April. The analysis suggests a potential correction in the cryptocurrency market, with a projected drop to $42,000 after the halving. The reduced miner rewards and increased production expenses are expected to drive prices downwards. Investors are advised to monitor these developments closely.
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