Will Bitcoin Dump to $1,250? Wall Street Bankers Think So

Another day, another price prediction. They are coming thick and fast at the moment as analysts and industry observers scramble to predict where the bottom will be. Some are more optimistic than others, but it is to be expected that JP Morgan is firmly on the pessimistic side of the fence. JP Morgan, never a proponent of Bitcoin or cryptocurrency, has predicted a bottom of $1,250 if the bear market persists. The Wall Street banking behemoth added that blockchain technology has been widely hyped and will not make any difference to banking for the next three to five years.

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