JPMorgan Chase: Bullish on the cryptocurrency market, expecting explosive growth in 2026.

According to ME News, on February 12th (UTC+8), the cryptocurrency market has yet to recover from the crash of October 11th. The total market capitalization of digital assets has fallen from $3.1 trillion a month ago to $2.3 trillion currently. Despite the overall pessimistic sentiment following the market crash, JPMorgan Chase remains bullish on the cryptocurrency market in 2026. The bank recently stated that institutional inflows and a clearer regulatory environment are expected to solidify the gains in the digital asset market. A team of JPMorgan analysts led by Nikolaos Panigirtzoglou wrote in a report: "We are positive on the crypto market in 2026 as we expect further increases in digital asset inflows, but this round of growth will be more driven by institutional investors." JPMorgan analysts currently estimate the production cost of Bitcoin at approximately $77,000 per coin, which could create a new price equilibrium level after miners exit the market. If BTC trades below this production cost for an extended period, it could force some miners out of the market. However, the bank's analysis suggests that this will also reduce the overall production cost of Bitcoin, thus creating a self-correcting mechanism. (Source: ME)