According to JPMorgan, the price of bitcoin might reach $45,000.


[{"selector":"#anim-6d07932b-57bd-479c-9872-c6ee0512434d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The $2,000 gold price and a hypothetical $45,000 bitcoin price are tied by their associated movements and investor preferences, according to JPMorgan researchers.

[{"selector":"#anim-99314698-eaa9-43bd-953f-fcf7e7cb38ff","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] In light of the $3 trillion market value of gold now held by non-central institutions, the equivalent value of one bitcoin in private portfolios is $45,000.

[{"selector":"#anim-80e10e64-e1c6-463a-985a-751cb2cedc08","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] According to JPMorgan, the price of bitcoin has reached an upper limit of $45,000, indicating that growth is constrained beyond rising mining costs.

[{"selector":"#anim-e928370e-8013-4cd2-9e08-338577588908","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] According to JPMorgan, the impending Bitcoin halving in April or May 2024 will cause production costs to increase by about $40,000 overall.

[{"selector":"#anim-a6612aaf-5164-4ddf-a252-8fa77466ccd6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The production cost of bitcoin serves as a trustworthy lower border, according to historical data, according to JPMorgan, with bullish tendencies occurring after the previous halving events in 2016 and 2020.

[{"selector":"#anim-5e9116e4-0542-4d12-aac2-0d91770ce273","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Every four years, the Bitcoin supply is cut in half, lowering mining incentives but maintaining scarcity.

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