Bitcoin prices have surged 50% this month, from slightly below $44,000 on the finish of September.
Some buyers at the moment are predicting even larger good points for bitcoin, regardless of continued criticism of the cryptocurrency by JPMorgan Chase (JPM) CEO Jamie Dimon, who recently called bitcoin “worthless.”
“Given the value momentum we’re seeing on the again of bitcoin’s ETF, we consider that bitcoin can simply go all the way in which to [$100,000] by the tip of this 12 months,” Naeem Aslam, chief market analyst with AvaTrade, mentioned in a report Wednesday.
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