CryptoNews: According to a research report by JPMorgan, retail demand for Bitcoin is expected to remain strong in the lead-up to the next halving event, scheduled for April 2024. 🔎
JPMorgan Report Says Retail Demand for Bitcoin Expected to Remain Strong as Halving Approaches The report attributes the recent increase in retail demand partially to the introduction of Bitcoin Ordinals and BRC-20 tokens. The upcoming halving, which will cut mining rewards by 50%, is predicted to double the production cost of Bitcoin to approximately $40,000, creating a positive psychological effect.
While institutional demand for Bitcoin has declined due to concerns over fraud, heightened volatility, and regulatory uncertainties, retail investors continue to view Bitcoin as an attractive investment option. JPMorgan previously highlighted the rally of both gold and Bitcoin following the collapse of Silicon Valley Bank, with institutional investors favoring gold as a hedge against catastrophic scenarios, while retail investors turned to Bitcoin.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Bitcoin Retail Demand to Remain Strong Ahead of Halving Event: JPMorgan.jpmorgan says bitcoin retail demand will remain strong ahead of the cryptocurrency’s next halving event, likely due April 2024. willcanny99 reports.
Leer más »
Former Bitmex CEO Arthur Hayes Predicts Bitcoin Bull Market as US Economy Worsens – Bitcoin NewsArthur Hayes, economic analyst and former CEO of Bitmex, has predicted the imminent coming of a bitcoin bull market as the economic variables of the US worsen later this year.
Leer más »
Bitcoin Interest Hits Rock Bottom: Google Trends Data Shows Lowest Score in 7 Months – Bitcoin NewsAccording to Google Trends, worldwide interest surrounding the term bitcoin has plummeted to its lowest point since October 2022.
Leer más »
BNB Plunges 9% as Binance Faces Lawsuit, Exchange's Bitcoin Reserves Record Significant Outflow – Bitcoin NewsBinance's BNB token suffered significant losses, dropping by 9.7% against the dollar in response to the SEC's allegations.
Leer más »
Bitcoin, Ethereum Technical Analysis: BTC Falls Below $26,000, as SEC Sues Binance – Market Updates Bitcoin NewsBitcoin plunged to its lowest point in over two months, as markets continue to react to the SEC versus Binance lawsuit.
Leer más »
JPMorgan, 6 Indian Banks to Settle Dollar Trades on Onyx Blockchain System: Bloomberg.jpmorgan has teamed up with six Indian banks to settle interbank dollar transaction on its blockchain-based trading platform Onyx. By JamieCrawleyCD
Leer más »