JP Morgan: Only 5% of Consumers Believe Bitcoin will Hit $ 100,000 by Year's End

On January 11, several people in the Cryptoland crypto community bet that Bitcoin will reach $ 100,000 each. But not on Wall Street. While only 5% of consumers surveyed by JPMorgan expect Bitcoin to reach $ 100,000 by the end of 2022, over 40% of companies expect Bitcoin to reach $ 60,000 or more. Expert analyst Nikolaos Panigirtzoglou said he was not surprised by the negative sentiment as Bitcoin's performance, based on bank Bitcoin Futures, was found to be oversold. The fair value of Bitcoin is between $ 35,000 and $ 73,000, depending on traders' perception of its volatility relative to gold. (Ten of gold)