Bitcoin Predicted to Surge 75% to $150,000 by 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Fool
- Historical Performance Review: Bitcoin's historical data since 2012 shows that it achieved triple-digit percentage returns in seven out of the past eight years, notably soaring 95% in 2019, which supports the prediction of a 75% increase by 2026.
- Institutional Investor Participation: The launch of Bitcoin ETFs has led institutional investors to ramp up their exposure to Bitcoin, and this trend, combined with global economic uncertainty, could drive Bitcoin prices higher.
- Digital Gold Narrative: For Bitcoin to compete with gold, it must regain trust as a long-term store of value; currently, Bitcoin is down 30% while gold has surged 73%, highlighting a significant divergence between the two assets.
- Strategic Bitcoin Reserve: The potential for the U.S. government to begin large-scale Bitcoin purchases to establish a strategic reserve could trigger a global Bitcoin arms race, significantly boosting Bitcoin prices.
JPM
$325.84+Infinity%1D
Analyst Views on JPM
Wall Street analysts forecast JPM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for JPM is 344.31 USD with a low forecast of 305.00 USD and a high forecast of 370.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
11 Buy
6 Hold
0 Sell
Moderate Buy
Current: 327.910
Low
305.00
Averages
344.31
High
370.00
Current: 327.910
Low
305.00
Averages
344.31
High
370.00
About JPM
JPMorgan Chase & Co. is a financial holding company. The Company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. The Company operates through three segments: Consumer & Community Banking (CCB), Commercial & Investment Bank (CIB), and Asset & Wealth Management (AWM). Its CCB segment offers products and services to consumers and small businesses through bank branches, ATMs, digital and telephone banking. Its CIB segment consists of banking and payments and markets and securities services, and offers a suite of investment banking, lending, payments, market-making, financing, custody and securities products and services to a global base of corporate and institutional clients. AWM segment offers investment and wealth management solutions. It offers multi-asset investment management solutions, retirement products and services, brokerage, custody, estate planning, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
