Bank analysts believe that market support will be anticipated amid greater regulatory clarity for digital assets in the United States and the return of institutional investment. The report notes that bitcoin is becoming increasingly attractive in the near term: gold is currently outperforming BTC in terms of returns, but the rising volatility of the precious metal increases risks, which in the long run could strengthen BTC’s position relative to gold.
The cost of mining bitcoin is estimated at around $77,000, while the current price of BTC is about $67,000 as of the morning of February 12. JPMorgan experts believe that regulatory initiatives in the U.S. — including the possible resumption of discussions around the Clarity Act — could restore institutional interest and support market growth.
CNBC/Reuters point to growing interest from large investors rather than retail traders. In this context, the bank suggests that the market may shift toward products with more moderate returns and a reduced role for speculation.