J.P. Morgan Strategist Announces BTC Future Outlook! Corporate Entry into Wall Street to Bring Dozens of Trillion Dollars of Money
JP Morgan Strategist Releases Notable Forecast
Nicholas Panigirtzoglou, Market Strategist at JP Morgan, told CNBC, the U.S. news media, that Wall Street's interest in Bitcoin (BTC) will rebound.
Wall Street, regarded as a global financial hub, is expected to have a significant impact on Bitcoin prices as interest in Bitcoin rises, and global attention on cryptocurrency is anticipated to increase.
One reason Wall Street may take an renewed interest in Bitcoin is that its volatility is stabilizing, making it easier for institutional investors to enter.
Mr. Panigirtzoglou spoke about the current cryptocurrency market as follows.
Mr. Panigirtzoglou
Currently, the cryptocurrency market is stable.
This stability serves as a platform for institutional investors to participate more in this market.
The cryptocurrency market was a new market. It experienced a bubble and then burst.
According to Panigirtzoglou, as the cryptocurrency market stabilizes and the importance of blockchain technology increases, companies on Wall Street will again take an interest in the cryptocurrency market.
However, on the other hand, it is pointed out that the process of Wall Street taking an interest and entering the market could take several years.
The reason cited is the actions of regulators.
Mr. Panigirtzoglou
“It will take time for market surveillance by regulators to be realized.”
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