JPMorgan Turns Bullish On Crypto For 2025
JPMorgan analysts have shifted to a bullish outlook on the crypto market for 2025, according to their Alternative Investments Outlook and Strategy report released Friday. They cite factors like the "debasement trade," where investors favor gold and BTC amid economic instability, and the potential regulatory boost from a Trump victory. Key events like the approval of spot BTC ETFs and the resolution of major bankruptcies are seen as clearing the way for growth. Pending U.S. stablecoin regulations could also influence market dynamics significantly.
Source: The Block