Bitcoin's recent recovery to over $91,000, marking a 12% weekly gain, has sparked debate among Wall Street institutions about the cryptocurrency's future. Optimists like JPMorgan and Standard Chartered predict significant price increases, with targets of $170,000 and $200,000 respectively, citing institutionalization and macroeconomic trends as key drivers. Citibank offers a more measured outlook, forecasting a baseline of $135,000 by 2025.
Conversely, Morgan Stanley and CryptoQuant warn of an impending bear market, with Morgan Stanley advising profit-taking in anticipation of a "crypto winter." CryptoQuant's analysis suggests the current cycle is nearing its end, with Bitcoin's price below its 365-day moving average. This divergence among top financial institutions highlights Bitcoin's transition from a speculative asset to a complex macro asset, with old market rules potentially giving way to new dynamics.
Wall Street Divided on Bitcoin's Future Amid Market Volatility
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
