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- Bitcoin could stage a monster rally in 2021 and reach $100,000, but pricing at that level “would prove unsustainable,” JPMorgan said in a note on Monday.
- “We believe that the valuation and position backdrop has become a lot more challenging for bitcoin at the beginning of the New Year,” JPMorgan said.
- At its market cap of $575 billion, bitcoin would have to surge to $146,000 to match the total private-sector investment in gold via exchange-traded funds or…
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