CandleFocus Here’s how much you’d have if you bought $1,000 of Bitcoin when JPMorgan called BTC 'worthless'
2024-10-10
Author: Content Editor
Bitcoin has faced criticism from major financial institutions, such as JPMorgan, with CEO Jamie Dimon calling it "worthless." However, Bitcoin's performance since October 2021 has proven these statements incorrect, as its price has reached $60,972, a significant increase from its previous value. Despite Dimon's negative opinion of Bitcoin, JPMorgan has offered exposure to cryptocurrency funds and has become involved in blockchain technology. The bank's analysts still doubt the sustainability of the digital asset bull market. Over the years, Bitcoin has experienced significant price variations and regulatory developments. While currently facing some challenges, market strategists believe Bitcoin has the potential to reach new all-time highs and enter a strong rally.
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