Price Analysis April 8: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO
Cointelegraph
Published Apr 08, 2020 03:29PM ET
Updated Apr 08, 2020 05:00PM ET
Central banks around the world have pumped up their economies with huge stimulus measures. JPMorgan (NYSE:JPM) Chase’s chairman and CEO, Jamie Dimon, praised the United States for taking swift action to counter the current economic crisis. Despite the kind words, in a letter to JPMorgan shareholders, Dimon warned that the future “will include a bad recession combined with some kind of financial stress similar to the global financial crisis of 2008.”
Ballet CEO and founder Bobby Lee expects Bitcoin to reach $10,000 by its block reward halving next month. Lee expects the governments to continue to print huge sums of money to support the economy, which is in doldrums due to the coronavirus pandemic. Later, this abundant supply of money could result in inflationary pressures, which will drive investors toward Bitcoin. By the end of this year, Lee predicts Bitcoin to reach $25,000.
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Written By: Cointelegraph
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