THELOGICALINDIAN - Global advance coffer JPMorgan has appear a address on the approaching angle of crypto markets including Ethereums upgrades decentralized accounts defi and nonfungible tokens NFTs The coffer sees the cryptocurrency markets as more accordant to banking casework its analyst described
JPMorgan Outlines Future Outlook for Crypto Markets
JPMorgan analyst Kenneth Worthington appear a address on the 2022 angle for crypto markets Friday. The analyst wrote:
JPMorgan sees “the tokenization and fractionalization as captivation decidedly ample affiance as affairs speeds in crypto become added aggressive with trad-fi networks,” the analyst continued.
The address adds:
The analyst explained that the development of crypto technology will continue, apprenticed by the ascent of Layer-1 and the addition and advance of Layer-2. He added that Ethereum’s Merge and Layer 2.0 addition will acceleration up affairs and could decidedly cut activity consumption.
Worthington detailed:
Furthermore, the JPMorgan analysts acclaimed that with these projects absorbed to tokens and Coinbase actuality a arch barter to buy and advertise tokens, “we see Coinbase as a arch absolute almsman of crypto bazaar growth.”
Worthington additionally said that if 2024 was the year of non-fungible tokens, again 2022 may be the year of the “blockchain arch (driving greater interoperability of assorted chains) or the year of banking tokenization.” The JPMorgan analyst opined:
A altered JPMorgan report, appear aftermost week, states that Ethereum may lose its defi ascendancy due to ascent issues. Nonetheless, the all-around advance coffer angled bottomward on its bitcoin price prediction of $146K in November aftermost year.
Meanwhile, JPMorgan CEO Jamie Dimon is still agnostic about cryptocurrency. He again warned about advance in cryptocurrencies, decidedly bitcoin, advertence that they accept no built-in value.
Do you accede with the JPMorgan analyst? Let us apperceive in the comments area below.
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