JPMorgan Chase: Bullish on Cryptocurrency Market, Expects Explosive Growth by 2026

BlockBeats News, February 12th, according to TheStreet, the cryptocurrency market has not yet recovered from the crash on October 11th. The total market value of digital assets has dropped from $3.1 trillion a month ago to the current $2.3 trillion.

Despite the overall bearish sentiment in the market after the crash, JPMorgan remains bullish on the cryptocurrency market in 2026. The bank recently stated that institutional inflows and clarification of the regulatory environment are expected to solidify the gains in the digital asset market.

The JPMorgan analyst team led by Nikolaos Panigirtzoglou wrote in the report: "We are positive about the 2026 crypto market as we expect further inflows into digital assets, but this round of growth will be more driven by institutional investors."

JPMorgan analysts currently estimate Bitcoin's production cost at around $77,000 per coin, which may form a new price equilibrium level after miner capitulation. If BTC trades below this production cost level for a long time, it may force some miners to exit the market. However, the bank's analysis suggests that this will also reduce Bitcoin's overall production cost, leading to a self-correcting mechanism.