Posted 12/14/2023, 4:43:41 PM
JP Morgan Sees Brighter Prospects for Ethereum Over Bitcoin in Cautious Crypto Outlook for 2024
- JP Morgan is cautious about crypto industry outlook in 2024, predicts Ethereum will outperform Bitcoin
- Bank cites "excessive optimism" working against Bitcoin next year despite upcoming halving event
- JP Morgan says halving already priced into Bitcoin's value, doesn't expect major gains
- Analysts predict 20% Bitcoin mining hash rate decline and miners with excessive costs exiting
- JP Morgan highlights potential of Ethereum's EIP-4844 upgrade but concerned about centralized staking