Ethereum is more valuable than Bitcoin, according to Kenneth Worthington, a financial analyst at JPMorgan. The US bank’s clients are of the opinion that Bitcoin could end 2022 at or above $60,000 based on a recent report. In a recent report, JP Morgan had asked clients where they see Bitcoin trading at the end of 2022. Bitcoin witnessed massive growth in the last year as it touched its all-time high of over $69,000.
JPMorgan’s clients believe bitcoin will reach $60,000 by the end of 2022.
Based on the report’s results, the highest percentage of the US bank’s clients, 41%, believe that Bitcoin price could hit $60,000 by the end of 2022. 5% of clients believe that the leading cryptocurrency’s price could trade at or above $100,000 by the end of the year. Kenneth Worthington, a financial analyst at JPMorgan, recently shared his views on Bitcoin. Worthington believes that Bitcoin is less valuable than Ethereum. The analyst argued that Ethereum has a superior use case compared to the largest cryptocurrency by market capitalization.
Bitcoin to continue to follow the downtrend before a trend reversal.
Crypto analysts have evaluated the Bitcoin price trend and predicted that the only way the cryptocurrency market could heal from over-saturation or dilution is a rally. @Pentosh1, a pseudonymous crypto analyst, believes that a solo Bitcoin price rally could rid the cryptocurrency market of the inward pressure of further collapse. Analysts have predicted further continuation of Bitcoin’s downtrend before a trend reversal. At the time of writing, the world’s leading cryptocurrency is trading at $41,600.