JPMorgan: Bullish on the cryptocurrency market, expects explosive growth by 2026

BlockBeats News, February 12, according to TheStreet, the cryptocurrency market has not yet recovered from the sharp decline on October 11. The total market capitalization of digital assets has dropped from 3.1 trillions USD a month ago to the current 2.3 trillions USD.

Despite the overall pessimistic sentiment after the market crash, JPMorgan still maintains a bullish outlook on the cryptocurrency market for 2026. The bank recently stated that institutional capital inflows and a clearer regulatory environment are expected to consolidate the gains in the digital asset market.

The JPMorgan analyst team led by Nikolaos Panigirtzoglou wrote in a report: "We are positive on the crypto market for 2026, as we expect digital asset inflows to rise further, but this round of growth will be more dominated by institutional investors."

JPMorgan analysts currently estimate the production cost of bitcoin at about $77,000 per coin, which may form a new price equilibrium level after miners are flushed out. If BTC trades below the above production cost for a long period, it may force some miners to exit the market. However, the bank's analysis believes that this will also reduce the overall production cost of bitcoin, thereby bringing a self-correcting mechanism.