JPMorgan Believes Bitcoin Demand to Soar in the Coming Decade
CryptoNewsTerminal Staff16 Sep, 2024
JPMorgan Believes Bitcoin Demand to Soar in the Coming Decade
VanEck's head of digital asset research, Matthew Sigel, recently commented on a report by JPMorgan regarding the future of Bitcoin. According to Sigel, JPMorgan anticipates a significant increase in Bitcoin demand over the next decade. This projection is based on several factors, including the rising adoption of Bitcoin as a legitimate investment asset and the growing use of Bitcoin for cross-border transactions. Additionally, JPMorgan predicts that Bitcoin mining will drive up natural gas consumption. These findings align with the broader trend of institutional acceptance of Bitcoin. As more investors and financial institutions embrace Bitcoin, its demand and value are expected to continue to grow.
