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Bitcoin could hit $240K in long term, says JPMorgan

Business

JPMorgan thinks Bitcoin could eventually reach $240,000—even though it recently dropped from $126,000 to $82,000.
The bank points to big shifts in the crypto world: more institutional investors are getting involved and macro trends like inflation now matter more than old-school crypto cycles.

Why does this matter?

Bitcoin isn't just a wild bet anymore; it's acting more like a serious asset that moves with the global economy.
For those looking for new ways to invest, JPMorgan has even rolled out a product tied to BlackRock's Bitcoin ETF—offering extra upside potential (with some built-in protection) for people who want in on the action but still worry about crypto's ups and downs.