Bitcoin Holds Above $13000 For 1st Time Since January 2018.
Bitcoin looking great and holding at $13200 this morning
Bitcoin Steady Over $13K as JPMorgan Has Eureka! Moment
“Analysts for JPMorgan, the largest U.S. bank, wrote Friday in a report that bitcoin has ‘considerable’ price upside in the long term, as reported by CoinDesk’s Zack Voell.
Bitcoin’s increasing use as an alternative to gold is amplified by millennials’ interest in cryptocurrency, according to the report, written by JPMorgan’s global quantitative and derivatives strategy team.
‘Even a modest crowding out of gold as an alternative currency over the longer term would imply doubling or tripling of the bitcoin price from here,’ the analysts wrote.”