JP Morgan warns on Ether price plunge, but Goldman Sachs sees 80% rise by year end

Mark Battersby
clock • 2 min read

A 15% rise in Bitcoin prices in contrast to a 67% drop for Ethereum may be on the cards, according to JP Morgan's digital strategy analyst Nikolaos Panigirtzoglou. His outlook was revealed last week in the first of a new regular publication focusing on prospects for alternative investments including digital assets. But Goldman Sachs global markets managing director Bernhard Rzymelka said in a briefing note on Monday 1 November, that the cryptocurrency of the ethereum network may well soar 80% to $8,000 in the next two months if it keeps tracking inflation expectations. Rzymelka sai...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login