JPMorgan Forecasts Bitcoin Bottom, Anticipates $28.3 Trillion Challenge To Gold By 2026

Analysts at JPMorgan have pinpointed the lowest point of the ongoing Bitcoin (CRYPTO: BTC) price fall and also projected a substantial challenge to gold’s market capitalization by 2026.

What Happened: Bitcoin’s price experienced a steep decline to slightly above $94,000 per Bitcoin this week from a peak of $126,000 in October.

Nonetheless, analysts at the JPMorgan have determined the Bitcoin price floor, asserting that a $94,000 production cost suggests a very limited downside to the current Bitcoin price.

In addition, a team of JPMorgan analysts, headed by managing director Nikolaos Panigirtzoglou, restated a 2026 Bitcoin price forecast …

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