{"id":4358,"date":"2022-01-10T01:55:19","date_gmt":"2022-01-10T01:55:19","guid":{"rendered":"http:\/\/egrowonline.com\/?p=4358"},"modified":"2022-01-10T01:55:19","modified_gmt":"2022-01-10T01:55:19","slug":"jpmorgan-shares-predictions-on-crypto-markets-ethereums-upgrades-defi-nfts-featured-bitcoin-news","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=4358","title":{"rendered":"JPMorgan Shares Predictions on Crypto Markets, Ethereum’s Upgrades, Defi, NFTs \u2013 Featured Bitcoin News"},"content":{"rendered":"


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Global investment bank JPMorgan has published a report on the future outlook of crypto markets, including Ethereum\u2019s upgrades, decentralized finance (defi), and non-fungible tokens (NFTs). The bank sees \u201cthe cryptocurrency markets as increasingly relevant to financial services,\u201d its analyst described.<\/strong><\/p>\n

JPMorgan Outlines Future Outlook for Crypto Markets<\/h2>\n

JPMorgan analyst Kenneth Worthington published a report on the 2022 outlook for crypto markets Friday. The analyst wrote:<\/p>\n

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The applications from crypto have only just begun. Web3.0, greater use of NFTs tokenization are in the line-of-sight for 2022.<\/p>\n<\/blockquote>\n

JPMorgan sees \u201cthe tokenization and fractionalization as holding particularly large promise as transactions speeds in crypto become more competitive with trad-fi networks,\u201d the analyst continued.<\/p>\n

The report adds:<\/p>\n

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Defi was a bit of a flop in 2021, but still has strong potential in 2022 and beyond.<\/p>\n<\/blockquote>\n

The analyst explained that the development of crypto technology will continue, driven by the scaling of Layer-1 and the introduction and growth of Layer-2. He added that Ethereum\u2019s Merge and Layer 2.0 introduction will speed up transactions and could significantly cut energy consumption.<\/p>\n

Worthington detailed:<\/p>\n

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The use cases for crypto markets will continue to grow and new projects and tokens with more and different use cases will surface.<\/p>\n<\/blockquote>\n

Furthermore, the JPMorgan analysts noted that with these projects attached to tokens and Coinbase being a leading exchange to buy and sell tokens, \u201cwe see Coinbase as a leading direct beneficiary of crypto market growth.\u201d<\/p>\n

Worthington additionally said that if 2021 was the year of non-fungible tokens, then 2022 may be the year of the \u201cblockchain bridge (driving greater interoperability of various chains) or the year of financial tokenization.\u201d The JPMorgan analyst opined:<\/p>\n

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As such, we see the cryptocurrency markets as increasingly relevant to financial services.<\/p>\n<\/blockquote>\n

A different JPMorgan report, published last week, states<\/a> that Ethereum may lose its defi dominance due to scaling issues. Nonetheless, the global investment bank doubled down on its bitcoin price prediction<\/a> of $146K in November last year.<\/p>\n

Meanwhile, JPMorgan CEO Jamie Dimon is still skeptical about cryptocurrency. He repeatedly warned<\/a> about investing in cryptocurrencies, particularly bitcoin, stating that they have no intrinsic value.<\/p>\n

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\nTags in this story
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bitcoin outlook<\/a>, Coinbase<\/a>, Crypto market outlook<\/a>, Crypto markets<\/a>, Crypto Predictions<\/a>, decentralized finance<\/a>, DeFi<\/a>, JP Morgan<\/a>, jpmorgan<\/a>, JPMorgan crypto predictions<\/a>, Kenneth worthington<\/a>, nft<\/a>, Non-fungible tokens<\/a>, tokenization<\/a>, Web 3.0<\/a><\/div>\n<\/div>\n

Do you agree with the JPMorgan analyst? Let us know in the comments section below.<\/strong><\/em><\/p>\n

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\nKevin Helms <\/h6>\n

\nA student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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