Major financial institutions forecast high Bitcoin prices amid stubborn inflation and sticky interest rates.
2 reports, 2 independent
Updated Aug 11
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What happened
Major financial institutions forecast high Bitcoin prices amid stubborn inflation and sticky interest rates.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Bitcoin market dynamics influenced by CPI data, corporate selling, and steady ETF inflows.1 source
Bernstein and JP Morgan forecast Bitcoin peak prices of $150k-$170k due to high inflation.1 source
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The entities involved
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Bitcoin
digital cash system and associated currency
Related events
- Bitcoin prices influenced by Fed's monetary policy.
- Strong job gains and inflation concerns are driving market sell-offs due to increased odds of Fed rate hikes.
- The Fed's tightening policy, coupled with supply shock concerns, led to a crypto rally and prompted Goldman Sachs to adjust its rate hike forecast.
- Higher Treasury yields challenge Bitcoin's rebound.
- Strategy maintains Bitcoin as its primary treasury reserve asset and issues a preferred share product pegged to $100.