JPMorgan Lowers Its Bitcoin Fair Price Estimate to $38K Amidst Volatility
Leading investment bank JPMorgan has changed its view on the estimate of bitcoin’s price on a long-term basis. The institution had estimated a long-term price of $146K back in November when bitcoin was over $60K. One of the most important reasons for this change has to do with the increased volatility the asset has faced in recent times. JPMorgan Changes Long-Term Bitcoin Price Estimate JPMorgan, one of the biggest financial...
Nigerian Users Tell Binance ‘Stop Scamming’ — Exchange Platform Rejects Accusation
Some disgruntled Nigerian users of the cryptocurrency exchange Binance have launched a campaign to boycott the platform, which they accuse of freezing client accounts without valid reason. Accounts Blocked Cryptocurrency exchange platform Binance recently became the target of a boycott campaign initiated by disgruntled users in Nigeria. Using the hashtag #Binancestopscamming, the campaigners are urging other Binance users around the...
Belgian MP to Receive Entire Salary in Bitcoin — Says Crypto Adoption Will Be ‘Exponential’
A member of the Brussels Parliament, Christophe De Beukelaer, says he will receive his entire salary in bitcoin this year. He believes that the technology will disrupt all industries and crypto adoption is going to be “exponential.” Belgian MP Says He Will Receive Entire Salary in Bitcoin — ‘We Can No Longer Remain Ignorant of This New World’ Christophe De Beukelaer, a member of the Brussels Parliament, said in a blog post on his...
Finder’s Experts Predict Bitcoin Will Peak at $94K This Year
Finder’s panel of 33 fintech specialists has forecasted that the price of bitcoin will peak at about $94K before ending the year above $76K. In addition, the panel expects the price of the cryptocurrency to reach $192,800 in 2025 and $406,400 in 2030. Finder’s Experts Predict BTC Price for 2022, 2025, and 2030 Finder, a major product comparison website, published an updated bitcoin price prediction Wednesday for 2022 by “Finder’s...
American Express Sees Crypto as Asset Class — Says It’s Not a Near-Term Business Threat
American Express (Amex) sees cryptocurrency as an asset class, according to CEO Steve Squeri. He added that right now, the firm does not see crypto as an immediate or medium-term threat to its business. American Express CEO Discusses Crypto Strategy The chairman and CEO of American Express (Amex), Steve Squeri, answered some questions regarding cryptocurrency during the company’s Q4 earnings call Tuesday. Squeri said: “As far as...
