Major benefits! Asia Pacific News: JP Morgan predicts Bitcoin will rebound in August, and market net inflow expectations are lowered

JPMorgan Chase’s latest research report optimistically predicts that Bitcoin is expected to rebound in August, and the current market liquidation activities are expected to be settled by the end of July. This positive outlook was endorsed by well-known financial writer Robert Kiyosaki, who called on investors to seize the increasing trend of Wall Street and increase their allocation of gold and Bitcoin.

However, based on the recent significant decline in Bitcoin exchange reserves, JPMorgan Chase has adjusted its year-to-date net inflow forecast for the crypto market, lowering it from the original estimate of $12 billion to $8 billion. The analysis pointed out that the reduction in reserves may be attributed to the dynamics of the Gemini exchange, the creditor liquidation actions after the bankruptcy of Mt. Gox, and the Bitcoin sell-off at the German government level. Strategic understanding--Institute--972331171

The analysis team led by Nikolaos Panigirtzoglou stressed in the report that the downward revision of the net flow forecast mainly reflects the sharp reduction in Bitcoin reserves, and reserved its initial expectations of achieving a net inflow of $12 billion for the full year. They believe that the mining cost of Bitcoin is still high compared to the price of gold, which is an important factor affecting the flow of market funds.

Despite this, the core view of the report remains optimistic, believing that with the end of the liquidation wave, the cryptocurrency market is expected to usher in new growth points, and August may become the starting point of recovery. #美国6月CPI大幅降温 #美联储何时降息？ #美国大选如何影响加密产业？ #德国政府转移比特币 #BTC下跌分析 $ZEN $SC $MDX